Prime Commercial Property Investment

The property is located on Harare Road immediately after the
Bridge going to the south of the CBD. After this bridge Cameroon Street branches into two roads i. E. Remembrance Drive and Harare Road. The property has a frontage to Harare Road. This location enjoys huge pedestrian traffic from various informal traders. The property is located about 6 kilometers south of the CBD. The property is a single storey structure with a parade of shops all with frontages to Harare Road.

The land is approximately 1. 2 hectares in extent

The main building is of brick construction with corrugated iron sheet roof and part asbestos to the canopy. At the rear is a yard, which is sublet to a variety of informal businesses such as welding and manufacturing of various timber goods. Some of the informal traders conduct their businesses in the open while others operate from various informal structures.

TOWN PLANNING
The property is within the City of Harare Amended Mbare North Local Development
Plan No. 12.
The following uses are freely permitted.
Shops
Flats – on first floor and above
Night Clubs
Offices
Surgeries and Medical Chambers
Institutions
Storage Warehouses
Service Industrial Buildings
Newspaper offices
Funeral Parlors
The permitted size of development on the site is 2 times the stand area
Permitted site coverage is 75%.
Various other uses are permitted by special consent including fuel filling stations and schools and residential colleges.

LEASE ARRANGEMENTS
All the shops are leased and the yard are leased to various tenants on yearly leases. A standard lease is available to serious potential buyers. A full least of the tenancies will be available upon commencement of purchase negotiations.

POTENTIAL

The property holds huge potential for mixed us redevelopment including shops, fuel station and fast food outlets.