Properties on Auction on 30 November 2023 Live & Virtual Online Auction - Live Venue: Grosvenor Room and Marquee, Bryanston Country Club, 63 Bryanston Drive, Bryanston

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Retail Centre with National Tenants

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Address:
1 Stofile Street, KwaZakhele
Suburb:
Port Elizabeth
Province:
Eastern Cape
Country:
South Africa
Web Ref:
116526
Opening Bid:
R4,000,000.00
Description:
Ibhayi Shopping Centre is a modern and spacious shopping centre situated at the corner of Stofile and Madikane Street, KwaZakhele, Port Elizabeth. This shopping centre offers a wide range of convenience shopping experience for its patrons.

The centre features a large parking area, which provides easy access to the stores inside. This centre mainly caters for the KwaZakhele community and is conveniently located in the middle of the community and is opposite the community substation, local sports grounds, churches and a library.

The anchor tenant which comprises of Shoprite Usave grocery store and Picardi Hotelle stores which in total occupies a total area of ± 940m². The neat and well-maintained shopping centre offers a variety of tenants mix, with a total of 13 commercial units and a car wash.

Other national tenants include Nedbank, Absa and Standard bank ATM's. The shopping centre has a land size of ± 3789m² and the improvements of ± 1705m²

Access to the shopping centre is via the one main entrance gate.

Gross annual income: ± R1.5 Million

Additional features:
24 Hour security and armed response
Communal bathrooms for tenants and visitors
Ample parking bays for tenants and shopping patrons
Brick paved yard
Steel perimeter fence

Auction Details

Start Date:
30 November 2023
Start Time:
12:00
Venue:
Live & Virtual Online Auction - Live Venue: Grosvenor Room and Marquee, Bryanston Country Club, 63 Bryanston Drive, Bryanston

Sales Executives

Name:
Mike Walters


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President Place
First Floor, West Wing,
1 Hood Avenue,
Rosebank,
2132
JHB AUCTION VENUE
Bryanston Country Club,
63 Bryanston Drive
Bryanston

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