Prime Parkmore retail property brought to auction

Posted On Tuesday, 17 May 2011 02:00 Published by eProp Commercial Property News
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A prominently situated and fully tenanted retail property in the heart of Parkmore, an established residential suburb located on the periphery of the Sandton CBD, is set to fall under the Auction Alliance hammer during its forthcoming commercial Multiple Auction to be held on June 23

Property-Housing-ResidentialSituated immediately West of Sandton, just a stones throw from the CBD, Parkmore is essentially regarded as the residential suburb of the Sandton CBD. Parkmore is easily accessible via main and secondary routes including Grayston Drive, Sandton Drive, William Nicol Drive and Rivonia Road. The property’s location at 136 11th Avenue, along Parkmore’s main commercial and retail strip, ensures that it enjoys excellent exposure from passing vehicle and pedestrian traffic. The property offers good access to the various amenities and facilities located in Parkmore, the Sandton CBD and surrounding areas including the Benmore Gardens Shopping Centre, Sandton Convention Centre, Morningside Hospital, up-market schools including Crawford and Redhill as well as a string of popular hotels, restaurants and retail outlets.

The tenanted property has long term leases in place and generates a significant gross annual income of +- R960 000.

Comments Michael Sacks of Auction Alliance, “The mounting popularity of prominently sited suburban retail centres nationwide, coupled with this property’s proximity to Sandton central, make it a highly lucrative investment opportunity”.

The auction takes place at 12pm at the Hilton Hotel, 138 Rivonia Road Sandton.

Contact Michael Sacks on 082 825 2678 or email This email address is being protected from spambots. You need JavaScript enabled to view it.

Last modified on Saturday, 07 June 2014 19:01

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