Properties on Auction
on 13 June 2019
Summer Place, 69 Melville Road, Hyde Park

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Shoprite Broadway Square

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Address:

Cnr. Broadway Boulevard & Onverwacht Street,Strand

Suburb:

Cape Town

Province:

Western Cape

Country:

South Africa

Web Ref:

109603

Description:

Corporate Disposal
Fully let Retail Centre, anchored by Shoprite (size 2975m²)
New 10 year Shoprite lease on transfer, plus three 5 year renewal options
New 5 year OK Furniture lease on transfer, plus four 5 year renewal options
New 5 year Shoprite Liquors lease on transfer, plus four 5 year renewal options
Erf: 16 066m²
GLA: 5850m²
Projected GAI: ± R 11.9m
Additional tenants include: SA Post Office, Ackermans, Hungry Lion, Fashion IQ, PEP, PEP Cell, New Look Cosmetics, Home Display, Hungry Lion, multiple ATM's, Food Planet and others
R 500 000 REGISTRATION FEE
Letter of Comfort from Financial Institution Transaction Attracts VAT