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Commercial premises and ongoing wholesale business for sale!!!This double storey, and well structured property is situated on a major road leading into Pretoria CBD. The building has excellent truck access from both Soutter and the side street. The side yard has access to the warehouse via large industrial size roller shutter doors and there is also large amount of space for both small and large delivery vehicles. Connected to the warehouse there... is also an additional retail space available looking onto Soutter Street with maximum exposure.The well located commercial building offers two floors and includesGround Floor: •A large warehouse with mezzanine flooring•Two small Storage Units•Three toilets including a washbasin•A Storeroom•Four rental retail shops currently let out as a supermarket (2), Takeaway (1) and a Hairdresser (1)First Floor•One small warehouse•Cashier•Two offices•One Kitchenette•Two Toilets including a washbasinThis state of the art commercial building also consists of•16 camera CCTV system•Face brick plastered and painted exterior•Aluminium window frames•Shutter Doors for the 4 Retail Shops•Brick paving for parking•Concrete paving•Tiled entrance staircase•Steel Structure with IBR roofing•Shutter doors•Excellent SecurityThe building was valued less than two years ago and the Comparable Market Value of the Property stood at R14,505M. The valuation approach is done by directly comparing the subject property with similar entities which traded in the open market. Based on the valuation based comparable trends and sales, the valuator concluded that the value they arrived at, is market related.The property is currently fully occupied both retail side as well as the main tenant, Wholesale Business.The property is close to all amenities and major highways and located in a prime area within the City of Tshwane CBD. Pretoria and surrounds is a viable business area and several reports indicate that numerous sales have taken place in the area over the last 12 to 18 months. The wholesale business, the anchor business at this commercial complex is a viable business, stable yet growing at a steady pace. The property which includes the wholesale section as well as the four retail outlets, is on the market with the wholesale business as a going concern. The business in operation for more than two decades has a clientele base all over a vast area, and the audited financial (as well as management accounts) and business details of this lucrative business will be available to the serious client upon signing a non disclosure agreement. The sale of the business will include the•Clientele base•Inventory including current stock holding•Pastel Software, including the three computers•Office furniture•Warehouse Fixtures and Fittings•Trucks (4x8 ton, 2x4 ton)•Trolleys and Forklifts (includes a 2,5T Toyota Forklift)•CCTV 16 camera systemBased on what the business consists of in terms of stock, clientele and years of business as well as the valuation completed on the entire building complex, the selling price of the business and property is well within the valuation figure and is on the market at a significant drop in price...The final selling price is R19.89M which include the ongoing business and the building which includes the warehouse and four retail shops.A quiet, relaxed neighbourhood amongst the hills, Pretoria West has affordable family homes and an abundance of land. It's the perfect family neighbourhood, with many kid friendly activities around town. Many people in this area are car enthusiasts from auto electricians to mechanics, as the Mayhem racetrack is located here. The climate is temperate in Pretoria West, with cool winters and mild summers.Places nearby include •Church Square•Freedom Park•Pretoria City Hall•Union Buildings•Pretoria Zoo•The Voortrekker Monument•The Cullinan Mine•Jan Smuts Museum•Centurion Art Gallery•Blue Valley Golf Course•Centurion Country Club•Roodeplaat Nature ReservePretoria also features modern shopping malls (Centurion Mall, Mall@Reds,Forest Hill and Quagga Centre), several entertainment spots, a theatre, golf courses and a driving range, several hotels including Irene Country Lodge as well as a plethora of smaller guest houses. The UNITAS hospital is the largest private hospital on the African continent (including a helipad) and is part of the Netcare group. Technology companies like Aerosud, Accenture, Denel Dynamics, Siemens, SAAB Grintek Technologies, Telkom and others are located in Centurion. The Gautrain has a new station in Centurion. Centurion. Lyttelton Manor. The Pretoria West Technicon is nearby. The Tshwane University of Technology is also within close proximity. All the major banks are located nearby. Another major attraction close by is De Wildt Cheetah centre and the Lanseria Airport is the closest airports. The Waterkloof Airbase and the military base are a few kilometres away.The populated places (cities, towns,, suburbs) near Pretoria West include Akasia, Berea Park, Brooklyn, Centurion, Ga Rankuwa, Hatfield, Lynnwood Glen, Mabopane, Pretoria North, etc
