This neighbourhood shopping centre on the corner of Victoria & Cascades Road, offers retail space with ample parking. The property comprises a single storey, U-shaped strip shopping centre on a level stand.  The building consists of 17 shops of different sizes with only two retail units vacant. A covered walkway is provided around the street frontage and the site is enclosed with palisade fencing

The property has two public entrances on Victoria Avenue as well as an entrance for deliveries and collections, with an exit on Waterval Road.  The property has male and female ablution facilities for employees and various storerooms.

Other improvements to the site include an alarm system, LG and Samsung air-conditioning units, ABSA Cash Express ATM and a Vodacom Tower.

“There is always a demand for properties with strong leases, and this property poses a great opportunity for any investor looking for a secure income.” commented Warren Aronson of Auction Alliance.

The gross lettable area of the site is 3,369 m2, and with Checkers as a strong anchor tenant, the property generates an annual income of  R2,160,000. The lease with Checkers is in place until 2013.

The auction takes place on August 18 at 12pm at The Southern Sun Hotel, Grayson Avenue, Sandton.

Contact: Warren Aronson on This email address is being protected from spambots. You need JavaScript enabled to view it.  or 082 529 1020