Blue-Chip tenanted Langa Post Office to fall under the hammer

Posted On Monday, 11 April 2011 02:00 Published by eProp Commercial Property News
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Auction Alliance will bring a blue-chip tenanted Langa post office to auction during its multiple commercial auction to be held on May 17.

Property-Housing-ResidentialThe property forms part of an urgent sale.

Located approximately 20 kilometres from the Cape Town CBD, the vibrant Langa Township is Cape Town’s oldest informal settlement.

Established in 1981, the Post Office extends over a GLA of ±244m ² and is located in a densely populated residential area.

The property is well-situated on the corners of Washington and Johnson Ngwevela Streets and enjoys high levels of exposure due to passing pedestrian and vehicle traffic.

Comments Elias Tzouvanni of Auction Alliance, “Located in Cape Town’s oldest and most established informal settlements, this well-situated, blue-chip tenanted Post Office, presents investors with an exciting investment opportunity due to the major development opportunity offered by the land, the high volumes of people it services on a daily basis and the fact that it must be sold on the fall of the hammer''.

Last modified on Wednesday, 11 June 2014 16:47

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