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Prime Langa Post Office fetches R3.3 million

Posted On Tuesday, 24 May 2011 02:00 Published by eProp Commercial Property News
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Amongst the host of prime properties which went under the auctioneer’s gavel at Auction Alliance’s commercial Multiple Auction held on May 17, was a well-situated, blue-chip tenanted post office located in the heart of Langa, one of South Africa’s oldest and most established townships

Auction AllianceThe property, which fetched a noteworthy R3.3 million at auction, is situated in a high exposure position, on the corners of Washington and Johnson Ngwevela Streets. The bustling corner enjoys high volumes of pedestrian and vehicle traffic on a daily basis. Due to both the property’s prominent location within Langa and the massive development opportunity offered by the land, bidding was fierce amongst zealous bidders.

Comments Elias Tzouvanni of Auction Alliance, “Properties with large areas for development in prime township areas, together with well-sited community and neighbourhood shopping centres are currently enjoying extensive demand amongst investors across the country”.

For more information or if you want a similar property sold or valued, contact Elias Tzouvanni on Tel: 076 153 2352 or Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Last modified on Saturday, 07 June 2014 19:44

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