Nationally tenanted Pretoria Centre goes under the hammer

Posted On Tuesday, 17 May 2011 02:00 Published by eProp Commercial Property News
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Auction Alliance will take a well-situated and nationally tenanted Pretoria retail centre to auction during next month’s commercial Multiple Auction to be held on June 23

Property-Housing-ResidentialThe property is situated on the corner of De Beer Street and the Voortrekker Road in Wonderboom South, an established residential suburb located within close proximity to the Pretoria CBD. Situated on the other side of the renowned Wonderboom Nature Reserve, Wonderboom is ideally situated close to major Pretoria attractions including the Voortrekker Monument, Pretoria Zoo and Freedom Park. The property’s location along Voortrekker Road, one of the area’s busiest thoroughfares, allows it to enjoy high levels of exposure due to the heavy volumes of passing vehicle traffic. The property offers good access to Zambezi Road, one of Pretoria’s most established commercial areas and amongst the area’s busiest arterials.

The property extends over a GLA of 3,756m² and offers a well-maintained façade. The property enjoys a significant gross annual income of R3, 311,194 and is strongly let with Superspar and Steers as anchor tenants. The property features ample customer parking in the form of 150 parking bays.

Comments Andreas Greeff of Auction Alliance, “Given the recent success of suburban retail centres at auctions nationwide, investors are increasingly looking to capitalize on well-let properties situated in high traffic zones and offering attractive yields, reaffirming this property’s appeal as an excellent investment opportunity”.

The auction takes place at the Hilton Hotel, 138 Rivonia Road Sandton
For further information contact Andreas Greeff on Tel: 072 118 7509 or Email:This email address is being protected from spambots. You need JavaScript enabled to view it.

Last modified on Saturday, 07 June 2014 19:17

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