Description

The Joseph & Snyman premises is ideally located on Independence Avenue. The building comprises of retail space and office space. The largest part of the building is rented by Joseph & Snyman (704 m²). The other retail space is divided in several retail shops (622 m²) which face Independence Avenue with shopfront. These shops are rented out to various tenants namely Niemeyer Pharmacy, Express Credit, legends Barbershop, Mr. Cash and other smaller tenants. Occupancy rate is at 100%. The premises provides for 25 covered parking bays and a visitor’s area for 6 vehicles. Medium term lease agreements are in place.
The Joseph & Snyman office on the 1st floor consist of 9 separate offices a large boardroom together with kitchen and ablution facilities. The ground floor consists of reception area, secured teller/payment area, agents open space catering for 6 desks, build in vault, 9 separate offices, kitchen and ablution facilities. Some larger offices can be divided into smaller office space or used as open plan. The total income is based current rental income.