Properties on Auction on 26 March 2020 Summer Place, 69 Melville Road, Hyde Park

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Corporate Disposal - Shoprite Khayelitsha

 
Address:
Site C Plaza,Cnr Solomon Tshuku and Idada Avenues
Suburb:
Khayelitsha
Province:
Western Cape
Country:
South Africa
Web Ref:
110303
Description:
Fully let Retail Centre, anchored by Shoprite
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 Shoprite K'nect lease on transfer, plus four 5 year renewal options
Erf size: 13 240m²
GLA: 5 633m²
Projected GAI: ± R12.1 million
Additional tenants include: Capitec Bank, Hungry Lion, PEP, PEP Cell, Khayelitsha Hardware, Home Display, multiple ATM's and others
Very strong pedestrian and taxi node
Existing plans for anchor tenant extension and further shops
R 500 000 Registration Fee
Letter of Comfort from Financial Institution
Transaction Attracts VAT

Auction Details

Start Date:
26 March 2020
Start Time:
12:00
Venue:
Summer Place, 69 Melville Road, Hyde Park

Sales Executives

Name:
Ripley Evans
Mobile:


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