Tenanted retail centre on the Atlantic Seaboard to auction

Posted On Wednesday, 07 September 2011 02:00 Published by
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The Galleria Centre, a Checkers anchor tenanted retail centre, in Sea Point, in the heart of the Atlantic Seaboard, will be brought to auction by Auction Alliance during this month’s Commercial Multiple auction event on September 27

The property is situated on the corner of Regent and St Andrews Road, and occupies a prominent and easily accessible location. The property offers dual access points from both Regent Road and St Andrews Road, and its entrance along Regent Road, affords it with excellent exposure from passing traffic.

The property measures in excess of 7000m², and Checkers has a 10 year lease in place with an option to renew.  The centre services the surrounding established residential nodes along the Atlantic Sea Board, and additional tenants include Steven Rom Liquor Merchants and Stanley Abrahamson Optometrists. 

The property features an underground parking area, which offers 300 parking bays. The site has an additional bulk to allow for the development of 100 residential apartments.

Comments Ryan Joffe of Auction Alliance, “The upcoming auction of this property not only presents investors with the opportunity to acquire a successful and excellently positioned neighbourhood centre, but offers a first-rate redevelopment opportunity in the heart of the Atlantic Seaboard”.

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

For more information contact Ryan Joffe on Tel: 082 333 1665 or Email: This email address is being protected from spambots. You need JavaScript enabled to view it. or Gareth Currie on Tel: 079 490 6470 or Email: This email address is being protected from spambots. You need JavaScript enabled to view it.


Publisher: eProp
Source: AG

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