Nationally tenanted Mafikeng retail centre for sale

Posted On Wednesday, 28 September 2011 02:00 Published by eProp Commercial Property News
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Choppies Shopping Centre, a nationally tenanted retail centre in the Mafikeng CBD, is scheduled to fall under the auctioneers gavel during Auction Alliance’s Commercial Multiple auction on October 27.

Property-Housing-ResidentialThe property is prominently situated on the corner of Nelson Mandela Drive, Victoria Road and Warren Road, and enjoys excellent exposure from passing pedestrian and vehicle traffic. A taxi rank is situated on the western side of the centre, providing good access to a number of customers.

The property offers two single storey buildings, which house a well designed shopping Centre consisting of 11 line shops. Choppies Superstores, the anchor tenant, have a long term lease in place until 2019, and other national tenants include ABSA, Clicks and Vodacom. 

The property produces a gross annual income of R 446,235.00. There is ample paved parking on site, as well as a designated loading area to service the stores.

“Mafikeng functions as an economic hub for the immediate area and surrounding rural municipalities, and the property’s proximity to the taxi rank ensures a wide catchment area”, comments Daniel Treisman of Auction Alliance.

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

Last modified on Monday, 09 June 2014 15:50

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