Retail | Sale
Prominently located along the K109 – range view road in Brakpan in close proximity to the N17 highway and its access interchange to carnival city casino and entertainment world.
A typical Makro store consisting of a single storey big box retail floor, mezzanine offices and a small double storey office building. The foot print will be 19 107m² (previously 18 800 m²) and the total floor area will be 19 998m² (previously 20 000m²).
Portion of erf 3086 in the proposed township of Dalpark extension 19.
The investment is currently held in a 100% subsidiary of Momentum Property Opportunities Fund (MPOF), namely Rilarex (Pty) Ltd which in turn holds a 50% undivided share in the developed property.
Buyers have the option of purchasing the full property at a purchase price of R 392,000,000 with a net annual income of R 35,248,116.00 (Jan 2023 – Dec 2023), or buyers can purchase Rilarex’s 50% undivided share at a purchase price of R196,000,000 with a net annual income of R17,624,058.50.
Approximately 7.39 hectares (previously 7.67 hectares).
Masstores will be the sole tenant with a fully insuring, maintaining & recovering lease.
Initial Lease Period
12 years ( from 1 June 2016)
Net Annual Income
R 35,248,116.00 (Jan 2023 – Dec 2023)
The property is situated in Dalpark, Brakpan Ekurhuleni.
The immediate surrounded area comprises of a mixture Light Industrial Buildings and warehouse facilities.
It must be noted that Makro Carnival City is currently the largest of all Makro’s in South Africa with a foot print of 22,000m² and 13,500m² trading space, 70,000 products and the highest rated green Makro. There is +- 600 solar panels and that provide 80% of the buildings electricity energy. Harvested water is used for garden and irrigation purposes.
The property comprises of a large warehouse with offices on the western elevation, storage facilities within the structure, large open floor areas with in rack shelves for the use of displaying and storage, enclosed secure parking facilities, carport parking facilities for staff, canteen and ablution facilities for staff, facilities for a restaurant, HVAC Plant, two fire tanks for the fire suppression system, all well maintained.