Bell Drive Shopping Centre for sale in Krugersdorp

7330m2

R122 500 000.00 + vat

R11 643 673,36 Projected/Actual Net Annual Income

9.5% Yield

THE PREMISES
PnP have been in the centre since it was built by Anglo American Corporation in 1980. There
have been 5 upgrades in the past 45 years. PnP have resigned a lengthy lease.
The current landlord has owned the centre for 36 years. He bought it from Anglo.
The last renovation was completed in 2022. There is an extensive solar distribution backup
system, which saves the landlord vast amounts of money. Also a borehole system which
produces 100% of the water required for the centre and the landlord derives much benefit
from this system.
The tenant mix has been constantly changed and in the last 36 years the centre has more or
less been either 100% full or 98% full.