Commercial Property To Rent Retail Space to Rent in Glen Marais, Kempton Park 300 Grosvenor Street , Glen Marais, Kempton Park

Property description

A Bar/Pub Shop to Rent in a Prime Location Kempton Park

Position your brand at the heart of one of Gauteng’s most dynamic mixed-use developments—Olive Wood Lifestyle Centre. This premium retail destination offers the perfect platform for growth in a modern, high-traffic environment, ideally suited for businesses that demand visibility, accessibility, and a quality customer base.

Strategically located within the thriving Olive Wood Precinct, the Centre draws from a large and growing residential catchment, making it an ideal location for restaurants, boutiques, wellness studios, coffee shops, and professional service providers.

With its contemporary design, vibrant atmosphere, and Centre management, Olive Wood Lifestyle Centre is tailored to elevate the shopping and lifestyle experience.

Why Choose Olive Wood?

• Anchored by top-tier national retailers such as Checkers and Dis-Chem
• Positioned within a rapidly expanding residential and commercial node
• High-quality finishes and well-maintained, secure premises
• Ample parking and easy access to major road networks

Strategic Location:

• Just 15 minutes from Kempton Park CBD
• 20 minutes to O.R. Tambo International Airport
• 30 minutes from Pretoria and Boksburg

Available Floor Area:

• Internal: 152.00 sqm
• External (Outside Seating Area): 171.00 sqm – perfect for restaurants or cafes looking to create an inviting outdoor experience

Rental Breakdown:

• Base Rental: R150.00 per sqm (excl. VAT)
• Operational Costs: R7,881.20 per month
• Municipal Rates and Taxes: R4,748.10 per month
• Generator Levy: R5.50 per sqm = R1,776.50 per month

Terms and Conditions:

All rental amounts and charges exclude VAT

Annual escalation: 7% on a 5-year lease

Tenant responsibilities: Water, electricity, refuse, and sanitation

Operational costs exclude rates and taxes

Municipal rates escalate based on actual municipal adjustments each July, regardless of lease commencement date