Retail redevelopment opportunity in Midrand

Posted On Wednesday, 07 September 2011 02:00 Published by
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A blue chip tenanted and income producing neighbourhood retail centre in Vorna Valley, Midrand, offering an excellent redevelopment opportunity, will be brought under the Auction Alliance hammer on September 28

The property is situated on the corner of Le Roux and Bekker Streets, adjacent to a busy BP Petrol Station. The centre has excellent exposure onto Le Roux Street, which experiences high traffic volumes, and services the immediate areas of Halfway House and Vorna Valley.

The double storey structue extends over a GLA of 2,468m² and features 15 line shops. National tenants include Standard Bank, Mochachos Chicken Village, Pizza Perfect and Nino’s.  The property produces a gross annual income of R2, 3 million and offers ample customer parking. The property includes 1,172m² of additional vacant space, presenting developers and investors with a great opportunity for office conversion.

“Nationally let and income generating properties such as this property are currently in extremely high demand on auction floors across the country”, says Gareth Botha of Auction Alliance.

The auction takes place at 12pm at the Hilton Hotel, 138 Rivonia Road, Sandton

For more information contact Gareth Botha on Tel: 083 288 7778 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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