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Rare fully let retail property for sale

Posted On Monday, 13 September 2010 02:00 Published by eProp Commercial Property News
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Auction Alliance will take a well positioned retail property on Main Road, Plumstead to auction on September 21

Andrew CohenComments Andrew Cohen of Auction Alliance, “Its not often that a building of this nature on this Main Road comes up for sale as property in this area is very tightly held and rarely exchanges hands.”
108 Main Road, Plumstead, corner Timour Hall Road, consists of five retail shops with a gross lettable area of 637m² and 338m²  of vacant land used as customer parking or available for future development.
The property is fully let with an annual income of about R600 000. The anchor tenant is St Elmo’s and additional tenants include a tool hire store, a DVD store, a bric-a-brac store and the Economic Café.
Each shop offers retail space, bathroom facilities and enjoys street frontage. The property’s excellent location near the intersection of Main and Gabriel Roads as well as its location near the Rabie Head offices, Gabriel Road shopping centre and Village Square means there is excellent passing trade.
The auction takes place at the Crystal Towers Hotel and Spa, Century City at 12pm on September 21.

Last modified on Thursday, 12 June 2014 15:44

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