176 Voortrekker Rd, Parow
The property is double storey (upstairs used exclusively by Shoprite), thoroughfare-style shopping centre with a GLA of 4 660m², at 176 Voortrekker Road, Parow, Cape Town, with a joint land size of 5 399 m².
The shopping centre is in the heart of the area’s shopping and business precinct, with excellent road frontage and good access to taxi and pedestrian traffic. The centre falls within the area’s successful City Improvement District.
The existing occupants are Shoprite, including a Money Market, Hungry Lion and Shoprite Liquor, being 2016 spec stores and they will enter into 10-year leases upon transfer. Other existing tenants are: African Bank, FNB ATM, Lancnic Super, Sand Lumac and Savoy. There is gated parking behind the property (included in the sale).
Shoprite: 10 year lease. This lease shall have a 3 x 5 year Renewal Clause and in addition to the base rental offered, the new lease allows for Turnover Rental at 1.65 % of the Lessee’s turnover, on condition that it does not exceed the basic Monthly Rental payable for the corresponding period by more than 20%. If this is the case, the Turnover Rental will be capped at the Basic Monthly rental payable for the period, plus 20 %;
Shoprite Liquor: 5 year lease. This lease shall have a 4 x 5 year Renewal Clause and no Turnover Clause; and
Hungry Lion: Lease expiring 30 June 2021. This lease shall have a 1 x 3 year Renewal Clause and a 3% turnover clause.
All relevant due diligence documentation is available in a Data Room; please contact Safiya Bowes-Moosa (Safiya@highstreetauctions.com) to obtain access
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Zone Fitness Parow | Zone Fitness
Check out our Zone Fitness Parow club, located in the Parow Centre on Voortrekker Road. With top equipment and expert fitness instructors, our Parow club has just what you need to achieve your fitness goals.
SOUTH AFRICA: PAROW: COMMUNITY BAKING TRUST
English/Nat
A white American student who was murdered by a mob of black youths in South Africa in 1993 will not be forgotten by the people in the township where she died, thanks to her parents.
Loaves of bread bearing Amy Biehl's name are part of a community project set up to promote peace, and bring a regular income to poor workers in the area.
For the first time in their lives the people of Guguletu near Cape Town can get bread delivered to their doors.
The sliced loaves bear the name of Amy Biehl.
Amy was a 26-year-old, a Fulbright scholar from California, who was stoned and stabbed to death on August 23, 1993, on a Guguletu street.
Her parents started the Amy Biehl Foundation Trust which runs projects to help keep poor black kids off the streets and out of trouble.
One of their thriving projects is the Community Baking Trust.
Fresh bread straight from the ovens is now only four minutes drive away from the people of Guguletu.
SOUNDBITE: (English)
We're calling it Amy's Bread, the bread of hope and peace. We're not out there to compete with the big guys, we're out there to bring bread to people who can't afford it; to let people sell it and they can make a commission.
SUPER CAPTION: Linda Biehl, Mother
SOUNDBITE: (English)
So I think that we have gone a long way here towards making business serve a social agenda, maybe creating a model that we or others can use more broadly to help South Africa get back on its feet and grow.
SUPERCAPTION: Peter Biehl, Father
The Community Baking Trust project has been so successful that there are plans to open another seven outlets.
The bakery currently employs 21 staff members and will eventually hire another nine.
Bread is baked from six a-m to six p-m six days a week, and is delivered directly into the black townships of Guguletu and Khayelitsha by 40 distributors who make four cents per loaf sold.
The profits of the Community Baking Trust are divided up on a quarterly basis, with all the distributors receiving a pro-rata share of the net profit.
Distributors also make money on the front end and the back end of transactions, and the money stays within the community.
The scheme is designed this way in order to serve the programs in each community, making them self-sustaining while providing a nutritional, low cost, basic loaf of bread to the people who need it most.
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Spirit Praise and Worship Centre - Parow Cape Town
Restoration team August 2011, Parow, Cape Town, South Africa
They worked, they laughed, the delivered a newly restored home.
Thank you Jerome, Johan and the team. CK
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1 Bedroom Flat For Sale in Parow, Cape Town, South Africa for ZAR 300,000...
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View more details on this property on Property24
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Close to amenities, schools and shops.
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Parow Worship centre Vision 2011.
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