SHOPPING CENTRE DEVELOPMENT – BLOEMFONTEIN Dewetsdorp road

This opportunity is in Mangaun , the largest township in Bloem on the De Wetsdorp road.

The site is excellently positioned next to an informal taxi-rank called Freedom Square.

The first option is to buy the land :

1. Approved plans
2. Land size 1 Hectare
3. Lease for neighbouring land 1 Hectare for parking (99 years)

Price R6.5mill. Excl comm and VAT.

All zonings and approvals are in place.

The second opportunity is to buy a turn-key shopping centre at a net yield of 9.5% (R37 200 000).

–          This will give you a brand new building on full spec.

–          More than 80% National tenanted. (Choppies anchor)

–          Option to extend building in couple of years

Everything is in place and development can start immediately.

Turn-key developer is Tree-Group from Port Elizabeth.

They have already developed 9 shopping centres and is ready to break ground.