R 47,000,000 bedroom home in Boksburg, Sunward-park
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R 47,000,000NEIGHBOURHOOD CENTRE - SUNWARD PARK EXT 8Boksburg, Sunward-park
N/A 16,783 m²
Erf 3558 - 16,783m² Business 2 zoned - 343 Kingfisher Avenue
HIGHLIGHTS:
- GLA 6,972m² - Coverage 60% permitted (10,070m²) - FAR 0.70 (11,748m²) - 3 Storeys permitted
- ANCHORED by Virgin Active 3,156m² (22 years trading) - Lease to 2027 @ R110/m² escalating 5.5%
- Current Income: R423,300/month from 5,030m² occupied - 1,767m² vacant = upside
- 317 Demarcated parking bays
- Valuation: R47m As Is (Sep 2022) - Insurance R102.7m - R132.1m on Medical Centre completion
OPPORTUNITY:
Planned conversion to Destination Medical / Health Centre. Netcare Sunward Park Hospital 2km away - existing doctor's rooms in area are Grade B - demand for modern medical suites with secure parking. Valuer notes high demand.
Comparable sales: R7,830 - R11,530/m² GLA - Average R9,878/m²
Owner: Sunward Palms Shopping Centre Pty Ltd
Bond: FirstRand R500m (B7166/2014)
Contact the agent for Full Phoenix Valuations Report (Sep 2022)
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Listing Number
7692111
Type of Property
VacantLand ( Full Free Title)
Listing Date
29 Sep 2026
Erf Size
16,783 m²
Furnished
No
Bedrooms
Bathrooms
Garage
Parking
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*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. PlusGroup does not accept liability for any damages arising from the use of this calculator.