Reliance Auctions will stage a prime retail and investment auction

Posted On Wednesday, 07 March 2018 19:43 Published by
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Reliance auctions will stage a prime retail and investment auction at the Hilton Hotel in Sandton on the 20th March 2018 at noon

cullinan-golf-club

One of the major attractions will be the sale of City Square, A fully let, large ( almost 10 000m²) shopping mall in the Rustenburg CBD. The complex in Fatima Bhayat Street has high foot traffic and several long leases.

David Soutter, Reliance chief executive, says the shopping centre has 54 tenants, including three chain stores as anchors

“City Square is a well-maintained and well known in the heart of Rustenburg. Its upkeep requirements are low and the complex is fully air conditioned. There is secure basement parking, easy access and 24-hour security in the centre which promises substantial return on investment” Soutter says

Also on offer will be the opportunity to invest in 32 residential stands at The Village @ Cullinan, set on a scenic Dale Hayes golf course that is widely regarded as one of the best nine-hole courses in South Africa

RUSTENBURG-CITY-SQUAREThe mining town of Cullinan dates back to 1903 but today offers modern recreational activities such as abseiling, horse and quadbike riding and a variety of coffee shops and antique stores.

Surface and underground tours of the working Cullinan diamond mine are a tourist draw for the town where the world’s largest diamond was found in 1905

Among the other lots on offer at the Reliance auction will be

  • Warehouses, offices, distribution facilities and laboratory in Boksburg North
  • Office block with four sectional title offices, fully let in Honeydew
  • Offices of more than 700m² in a top location in Centurion
  • A newly renovated 991m² Apartment block with 21 x Sectional title units in Alberton North

 

Click to view ALL properties on Auction

Last modified on Sunday, 11 March 2018 00:07
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