This single storey, community shopping centre is situated at 14 New Nooiensfontein Road, Kuils River and comprises predominantly retail units with a portion of the buildings used as offices.
The property offers a gross lettable area of about 3,837m² and is fully tenanted with Pick ‘n Pay as its major anchor tenant, with an extent in excess of 2,000m². The smaller retail and office units range from ±34m² to ±150m², with some of them joined to create larger units.The property generates a gross annual income of just over R3million excluding recoveries.
“Auction Alliance has seen a huge demand for strong income generating properties and this site has generated a significant amount of interest from investors,” comments Andrew Cohen of Auction Alliance.
The auction takes place at 12pm on November 30 at the Crystal Towers Hotel & Spa, Century City.
Contact Andrew Cohen on This email address is being protected from spambots. You need JavaScript enabled to view it. or 082 422 1158
Publisher: eProp
Source: AG

