Kuils River community shopping centre up for auction

Posted On Tuesday, 02 November 2010 02:00 Published by
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The River Park Shopping Centre in Kuils River will fall under the Auction Alliance gavel in November

This single storey, community shopping centre is situated at 14 New Nooiensfontein Road, Kuils River and comprises predominantly retail units with a portion of the buildings used as offices.

The property offers a gross lettable area of about 3,837m² and is fully tenanted with Pick ‘n Pay as its major anchor tenant, with an extent in excess of 2,000m². The smaller retail and office units range from ±34m² to ±150m², with some of them joined to create larger units.The property generates a gross annual income of just over R3million excluding recoveries.

“Auction Alliance has seen a huge demand for strong income generating properties and this site has generated a significant amount of interest from investors,” comments Andrew Cohen of Auction Alliance.

The auction takes place at 12pm on November 30 at the Crystal Towers Hotel & Spa, Century City.

Contact Andrew Cohen on This email address is being protected from spambots. You need JavaScript enabled to view it. or 082 422 1158

Publisher: eProp
Source: AG

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