Sea Point retail units to fall under the auctioneer’s gavel

Posted On Wednesday, 13 July 2011 02:00 Published by eProp Commercial Property News
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The tenanted retail units, prominently situated along the busy Sea Point Main Road, will be brought to auction during Auction Alliance’s Commercial Multiple Auction to be held on July 28 at the Crystal Towers Hotel and Spa.

Property-Housing-ResidentialThe property is situated at 26 Hall Road, and its high visibility location along Sea Point Main Road, affords it with excellent exposure from passing vehicle and pedestrian traffic.

The property is tenanted by Atlantic Liquors, who have a lease in place until January 2015.  The property extends over an approximate GLA of 364m² and produces a gross annual income of R227, 700.

Comments Ryan Joffe of Auction Alliance, “Based on the current strong performance of well-sited and strongly let retail properties on auction floors countrywide, this property’s ideal location within the heart of the commercial, residential and retail hub of Sea Point, and the solid lease in place with the anchor tenant, make it a premier investment opportunity”.

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

Last modified on Wednesday, 11 June 2014 09:38

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