The property’s sale forms part of a corporate disposal.

The property is well-situated and occupies the block between Adam, Bland and Market Streets. The property is prominently tenanted and features Pick N Pay as its anchor tenant in addition to numerous national tenants including Postnet, Ackermans, Clicks, Vodacom and Wimpy. The property extends over a GLA of 7724m², generates a significant gross annual income of R5 685 406.80 million and has long term leases in place.

Comments Elias Tzouvanni of Auction Alliance, who has extensive experience in dealing with shopping centre sales, “Community and neighbourhood shopping centres continue to achieve unrivaled results at auctions nationwide.  The steady revenue stream and long-term covenants offered by well-situated suburban centres, have positioned these properties as the most sought after and hotly contested items on offer at commercial auctions”.

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

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. or Gareth Currie on 079 490 6470 or email This email address is being protected from spambots. You need JavaScript enabled to view it.