Sharon Park sells for R20.45 million pre auction

Posted On Monday, 18 April 2011 02:00 Published by
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This year, Auction Alliance has successfully concluded the sale of a string of well-tenanted suburban shopping centres, some being sold even before hitting the auction floor, including the recent high profile sales of Bel Air Mall and Lonehill Shopping Centre

Yet again, just days before the scheduled 14 April commercial Multiple Auction, Sharon Park Shopping Centre in Nigel, was sold for R20.45million. The property is located in Sharon Park, an established residential area in Nigel and services the surrounding local community. The centre offers an assortment of retail line shops, with Pick N Pay as its anchor tenant, and Wimpy and the Post office as ancillary tenants.

Comments Elias Tzouvanni of Auction Alliance, “The sale of this centre, at such an excellent price and just days before the scheduled auction, is testament to increased investor interest in strongly tenanted and profit yielding suburban centres offering superb returns. Investors are aiming to unlock value from their investments, specifically within the current low interest rate financial climate”.

If you would like to achieve the same results with your property or simply want a valuation contact Elias Tzouvanni on 076 153 2352 or email This email address is being protected from spambots. You need JavaScript enabled to view it. or Greg Nafte on 083 414 4474 or email This email address is being protected from spambots. You need JavaScript enabled to view it. or Michael Sacks on 082 825 2678 or email This email address is being protected from spambots. You need JavaScript enabled to view it..


Publisher: eProp
Source: AG

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