Properties on Auction on 5 September 2019 Summer Place, 69 Melville Road, Hyde Park

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Corporate Disposal - Shoprite Kraaifontein

 
Address:
Corner Voortrekker Road and Van Riebeeck Street,
Suburb:
Kraaifontein
Province:
Western Cape
Country:
South Africa
Web Ref:
109833
Description:
Corporate Disposal - Shoprite Kraaifontein
Fully let Retail Centre, anchored by Shoprite (± 2377m²)
New 10 year Shoprite lease on transfer, plus three 5 year renewal options
New 5 year Shoprite Liquor lease on transfer, plus four 5 year renewal options
New 5 year OK Furniture lease on transfer, plus four 5 year renewal options
Erf: 11 349m²
GLA: 5 066m²
Projected GAI: ± R 11.7 million
Additional tenants include: Cash Crusaders, Capitec Bank, Ackermans, Hungry Lion, PEP, PEP Cell, Shoe Max, New Look Cosmetics, multiple ATM's and others
1 of 2 Shoprite Centres to be sold on the day
R 500 000 Registration Fee
Letter of Comfort from Financial Institution
Transaction Attracts VAT

Auction Details

Date:
5 September 2019
Time:
12:00
Venue:
Summer Place, 69 Melville Road, Hyde Park

Sales Executives

Name:
Ripley Evans
Mobile:


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