Commercial Property To Rent Shop To Rent in Kempton Park 300 Grosvenor Street , Glen Marais, Kempton Park

Property description

Retail Space Available – Olive Wood Lifestyle Centre

Discover exceptional retail space at the sought-after Olive Wood Lifestyle Centre, perfectly suited for businesses looking to grow in a vibrant and high-traffic setting. Nestled within the Olive Wood Precinct, this prime property offers excellent visibility and easy access to a diverse customer base.

The Centre features a selection of adaptable retail units, ideal for various business types such as boutiques, restaurants, and service-oriented businesses. Designed with a modern and sophisticated aesthetic, the Centre provides an inviting atmosphere that enhances foot traffic and the overall customer experience.

Location:

Position your business in the thriving Olive Wood Lifestyle Centre, home to major national retailers like Checkers, Dis-Chem, and more.

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

Key Features of Unit 23:

• Shop Floor Area: 191 sqm
• Outdoor Seating Area: 39 sqm
• Rate per sqm (Indoor): R150
• Rate per sqm (Outdoor): R95
• Operational Costs: R24.40/sqm = R5,612.00
• Generator Levy: R5.50/sqm = R1,265.00
• Municipal Rates: R14.70/sqm (subject to annual municipal increase in July)

Additional Benefits:

• Ample on-site parking for tenants and customers
• Dynamic and engaging environment
• Surrounded by key attractions and amenities

Terms & 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

This is a prime opportunity for businesses seeking to establish a strong presence in a thriving retail environment.