Busy corner retail property to be auctioned

Posted On Tuesday, 23 November 2010 02:00 Published by eProp Commercial Property News
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Auction Aliance will be taking a prime retail spot situated on the very busy corner of Prince George Drive and Ottery Road, Wynberg to auction in December.

Jacques CoetzerThe property is currently occupied by a car dealership and offers a total land size of 1101 m2 and generates a rental income of R285 000 annually. There is a rental agreement in place with the current tenant, C.A.M Motors, which has 3 and a half years left.

“The secret here is buying a location with great exposure and an income stream and looking to the future to unlock the value” comments Jacques Coetzer of Auction Alliance.

The auction takes place at 12pm on December 8 at the Crystal Towers Hotel & Spa, Century City.

Last modified on Thursday, 12 June 2014 12:34

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