ABSA centre in Sea Point set to go under the hammer

Posted On Monday, 18 April 2011 02:00 Published by eProp Commercial Property News
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On May 17, Auction Alliance will be taking a fully tenanted, mixed-use building, prominently situated along Sea Point Main Road, to auction

Property-Housing-ResidentialThe property, located at 377 Main Road, is surrounded by an established commercial, residential and retail node and enjoys high levels of exposure due to the large volumes of passing pedestrian and vehicle traffic. The property is neighboured by the St John’s Piazza, a premier Tuscan-style lifestyle centre, with tenants including Woolworths, Ocean Basket and Exclusive Books.

The property comprises a retail and residential component, with ABSA as the sole retail tenant.
The residential unit includes 12 fully-tenanted apartments, many possessing views onto the Sea Point promenade as well as onto the busy Main Road.

Comments Ryan Joffe of Auction Alliance, “Sea Point is currently enjoying amplified investor interest and a solidified confidence in the revival of the area, as a result of the rejuvenation which the area has undergone in recent years”

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

 Ryan Joffe on 082 333 1665 or email This email address is being protected from spambots. You need JavaScript enabled to view it. or Gareth Currie on 079 490 6470 or email This email address is being protected from spambots. You need JavaScript enabled to view it.

Last modified on Monday, 09 June 2014 09:36

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