Boksburg Retail Centre to hit the auction floor

Posted On Wednesday, 01 June 2011 02:00 Published by
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A prominently situated and nationally tenanted shopping centre in Bardene, Boksburg, will be brought to auction by Auction Alliance during their forthcoming commercial Multiple Auction to be held on June 23

The centre is situated on the corner of North Rand and Trichardts Roads in Bardene, Boksburg. North Rand Road is one of the most prominent arterial routes in Johannesburg’s East Rand and as a result, the property experiences excellent exposure. The property is surrounded by an established commercial, retail and residential area and is easily accessible via the N12 and R21 highways.

The double-storey retail centre extends over a GLA of ± 6, 920 m² and offers different sized retail shops and restaurants, of which each has been customized for its own use. National tenants include News Café, Jimmyz Killer Prawns, Debonairs, Steers and ABSA Bank. The property generates a gross annual income of R7, 024, 459 and is in a good condition and features ample parking. Furthermore, the property is fully-enclosed by means of palisade and brick fencing and all unutilized land is paved.

Comments Gareth Botha of Auction Alliance, “The upcoming auction of this prime retail centre presents investors with an outstanding investment opportunity, based on the fact that retail centres are producing the best results amongst commercial properties at auctions nationwide”.

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

For further information contact Gareth Botha on 083 288 7778 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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