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Regional Retail Centre for sale

These easily accessible properties are located on the corner of High and Merriman Street, in the bustling town of Butterworth, and has excellent visibility due to their location on the N2 National Highway.

Butterworth is approximately 120km north of East London and is known as one of the better trading towns on the Border. It is also home to Walter Sisulu University approximately 5km further along the N2. These properties are conveniently located close to the taxi rank, and the mall is situated in a prime trading position.

Butterworth is an important industrial and commercial centre and is a gateway to the Wild Coast.

The building has a face brick facade with a total GLA of 6766sqm.
The layout of the building offers a unique shopping experience with the entrance to some of the shops directly off the street.

The shopping centre has a diverse mix of tenants with a good mix between local tenants and national chain stores. The tenant mix comprises of Shoprite, Hungry Lion, Pep, Shoprite Liquor, Autozone & Specsavers.

The N2 also runs through the CBD, which results in high vehicular and pedestrian traffic, hawkers and public service functions.

All basic amenities are available in the immediate area.

Both sellers are VAT registered so there is an option to zero rate this transaction.

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Features

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Title:
Freehold
Building Name:
Bungalow Mall
Zoning:
Commercial
Interior
Air Conditioning
Yes
Exterior
Security
Yes
Sizes
Floor Size
6,766m²
Land Size
6,607m²
 
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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

14,202,945.91

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