Government Tenant Investment Building

AUCT-000447 | SOLD

190-192 Govan Mbeki Avenue, Port Elizabeth Central, Port Elizabeth, Eastern Cape


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Government Tenant Investment Building, 190-192 Govan Mbeki Avenue, Port Elizabeth Central, Eastern Cape

GLA: ± 7 318 m² | 85 Covered parking bays | Gross annual income: ± R 5.2 Million | Tenants: Department of Public Works, PE Municipality

This particular property is situated in the heart of the CBD attracting an extremely high foot traffic count. The property is immediately next door to the local Municipality, which is also a multi-storey building housing various different departments within the metro.
Due to the proximity of this property to the existing municipal departments, the property has always been tenanted by associated municipal and government departments. The property and area is ideally positioned in the busy node of the CBD, which finds itself directly across the road from Port Elizabeth's largest taxi rank, train station and the Port Elizabeth harbour.

The property enjoys great foot traffic on the Govan Mbeki side, however has the added benefit of the vehicle and parking access to the rear of the property on Evatt Street, making the vehicle entry safe and secure for staff.

The location and accommodation of this property will always force the property to be in demand for years to come.

To participate in this physical auction each bidder has to follow registration procedures which can be obtained on this webpage

Commercial Type:
Commercial Building
Web Reference:
AUCT-000447
Final price:
POA
Address:
190-192 Govan Mbeki Avenue, Port Elizabeth Central, Port Elizabeth, Eastern Cape
Property Extent:
7456 m2
Auction Venue:
The Beach Hotel
Marine Drive
Summerstrand
Port Elizabeth
Eastern Cape
Auction Date:
07 July 2017 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by bank guaranteed cheque. No cash. ID Document is required.
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