Mondeor Village Retail Centre to be auctioned

Posted On Wednesday, 13 July 2011 02:00 Published by eProp Commercial Property News
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Mondeor Village Retail Centre, a prominently situated retail centre in the established residential area of Mondeor, will be brought to auction during Auction Alliance’s forthcoming Commercial Multiple auction to be held at the Hilton Hotel, Sandton, on July 26

Property-Housing-ResidentialThe property is situated on the corner of Ormonde Drive and Columbine Avenue, and is easily accessible via main and secondary routes including the N12 and M2 Highways. 

The property enjoys excellent exposure due to the high traffic volumes experienced by both Ormonde Drive and Columbine Avenue.

The double storey centre extends over a GLA of 2173m², and includes a variety of line shops, each of which has been fitted to suit the respective tenant requirements.

The centre earns a gross annual income of R2.1 million and anchor tenants include Mr Video and ABSA. 

Comments Michael Sacks of Auction Alliance, “Apart from catering for a large catchment area, this property possesses a huge upside, due to its long term leases and high visibility location”.

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

Last modified on Wednesday, 11 June 2014 10:46

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