Buco Kimberley- 24 Fabricia Road, Fabricia, Kimberley, South Africa Beaconsfield Northern Cape | Online.cbreexcellerate.com
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Buco Kimberley- 24 Fabricia Road, Fabricia, Kimberley, South Africa

Multi-Asset Class Portfolio | Retail | Concurso


Investment Highlights

  • A strong national tenant – BUCO, a building material and supplies retailer.
  • Established location in Kimberley, Northern Cape.
  • R 1 813 438 Net Operating Income for 12 months beginning 1 September 2023.
  • Solar opportunity for backup power given the large surface area of the roof.

Location and Access

The property is situated in the Fabricia industrial precinct fronting Fabricia Road which connects to the N8, the main transport link to Bloemfontein in the southeast and, the Kimberley CBD to the north. There is easy access from the N8 to the resulting network of motorways including access to greater Kimberley, and the Kimberley CBD. The immediate catchment area consists of a large residential population, the industrial district, civic centre district, and smaller commercial nodes.

Asset Description

The building comprises 9,792 square metres of net lettable area, refurbished to the tenants’ specifications. It provides retail and related workspace on the ground floor, with a large incoming goods yard in the back, accessible from Fabricia Road. The building presents an eye-catching low maintenance façade with high frontside visibility from Fabricia Road. Customer access is from the same road, from which customers can access the street carpark.


Tenant GLA (m2) Rate (R/m2) Starts Expires Esc %
Buco City 9 792 16.23 01/07/2023 30/06/2026 6

Tenant Information

Buco, or the “Building Company” is a South African company focused on selling building materials and associated products including hardware, electrical and plumbing products directly to mainly cash paying customers. Buco is owned by the same holding company as Timber City and is visible in many Buco retail stores.

Financial Information

Net Income Forecast (1 Sept 23 – 31 Aug 24) TOTAL
Rental R 1 926 322
Recoveries (Operating Costs) R 1 345 694
Gross Income R 3 272 016
Operating Expenses R 1 458 578
Forecast Net Operating Income R 1 813 438

Ownership Structure and Zoning Information

Ownership Details
Registered Owner Perele Investments (Pty) Ltd
Registration No. 2014/034196/07
Legal Description ERF 42639, Kimberley, Province of the Northern Cape
Land Area 9,792 square metres in extent
Title Deed No T3240/2020
Tenure Freehold
Municipal Authority Sol Plaatje Municipality

Zoning Information
Address 24 Fabricia Road, Fabricia, Kimberley
Zoning Industrial


The seller is registered for VAT (Value Added Tax). All offers will be exclusive of VAT at a rate of 0%.

Sales Process

The property is offered for Sale by way of a direct sale of title.

Upon registration and signing the NDA, you will be provided with access to the Stage 1 Due Diligence data room, which will provide you with a full tenant schedule, a 12-month Income and Expense Forecast, a Letter of Intent template (“LOI”) and a full Sale Process Letter including instructions about making a binding LOI.

Interested parties are invited to provide submissions for the property in the form of an LOI due by the deadline date displayed. Submissions should include at a minimum, the information and terms outlined below and the completed LOI provided in the Stage 1 Due Diligence Data Room.

  • Purchase Price for the Property, based on the Net Operating Income and an acquisition yield;
  • A description of your company as the proposed purchaser and a reference list of similar retail transactions completed;
  • Evidence of the prospective purchaser’s financial ability to complete the transaction, including the method of financing the purchase;
  • Terms and conditions of closing;
  • Schedule of timing and events to complete closing;
  • A summary of all internal and external consents required to proceed with the contemplated transaction and a list of any other conditions to signing and completion;
  • A completed LOI, in the format provided by the seller; and
  • FICA documentation for the Purchaser.

Submission Date

Interested parties are invited to provide their offers to:

Fabio Nava at fabio.nava@cbreexcellerate.com


Henry Playne at henryplayne@qando.co.za


Exclusive Advisor

All communications regarding the Sale Process and/or the Property should be directed to the Seller’s exclusive Advisors:

Fabio Nava

+27 82 585 2498


Henry Playne

+27 72 763 4090


Map Details

Transaction Advisor

Fabio Nava

Director: Capital Markets - Advisory & Transaction Services

Contact Fabio

Henry Playne

Transaction Advisor

Contact Henry