Properties on Auction on 31 October 2019 Summer Place, 69 Melville Road, Hyde Park
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PREVIOUS PROPERTY
Corporate Disposal - Shoprite Rustenburg
Address:
Cnr Nelson Mandela and President Mbeki Drive,
Suburb:
Rustenburg
Province:
North West
Country:
South Africa
Web Ref:
110001
Description:
Shoprite Retail Centre
New 10 year lease on transfer, plus three 5 year renewal options
New 5 year OK Furniture lease on transfer, plus four 5 year renewal options
Shoprite occupy 5142m² (53% of GLA)
Stand size 1.1068 ha
GLA: 9654m²
Additional tenants incl Ackermans, Tab, Price King and more
Gross Annual Income ± R11.6 million
Well maintained
Massive daily foot traffic
1 of 2 Shoprite properties to be sold on the day
R 500 000 Registration Fee
Letter of Comfort from Financial Institution
Transaction Attracts VAT
New 10 year lease on transfer, plus three 5 year renewal options
New 5 year OK Furniture lease on transfer, plus four 5 year renewal options
Shoprite occupy 5142m² (53% of GLA)
Stand size 1.1068 ha
GLA: 9654m²
Additional tenants incl Ackermans, Tab, Price King and more
Gross Annual Income ± R11.6 million
Well maintained
Massive daily foot traffic
1 of 2 Shoprite properties to be sold on the day
R 500 000 Registration Fee
Letter of Comfort from Financial Institution
Transaction Attracts VAT
Auction Details
Start Date:
31 October 2019
Start Time:
12:00
Venue:
Summer Place, 69 Melville Road, Hyde Park
Sales Executives
Name:
Nick Pretorius
Mobile:
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