Commercial Building for Sale in PE | Property Specialists

AUCT-000636 | On Auction

575 Govan Mbeki Avenue, North End, Port Elizabeth, Eastern Cape


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Commercial Landmark, Erf 3093, 575 Govan Mbeki Avenue, North End , Port Elizabeth

GLA: ± 4 172.4 m² | Erf size: ± 1 487 m² | Zoning : Bus 1

An Iconic office and commercial block situated in the heart of the Port Elizabeth CBD. This building certainly stands out along the Port Elizabeth CBD skyline. Home to various government tenants in the past and present with various national banks occupying the very busy ground floor retail area. The building is situated adjacent to the PE Law Courts which always demands a need for tenants. The locality of the property to the N2 Highway and Mount road is invaluable. The property offers great spacious offices fully air-conditioned through out the various floors. Two new lifts have recently been installed. The property also lends itself to fantastic large billboard potential which would increase the annual income.

Port Elizabeth is one of the largest cities in South Africa, situated in the Eastern Cape Province, 770 km (478 mi) east of Cape Town. The city, often shortened to PE and nicknamed "The Friendly City" or "The Windy City", stretches for 16 km along Algoa Bay, and is one of the major seaports in South Africa. Port Elizabeth is the southernmost large city on the African continent, just farther south than Cape Town. Port Elizabeth was founded as a town in 1820 to house British settlers as a way of strengthening the border region between the Cape Colony and the Xhosa. It now forms part of the Nelson Mandela Bay Metropolitan Municipality, which has a population of over 1.3 million.

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Commercial Type:
Commercial Building
Web Reference:
AUCT-000636
List price:
POA
Address:
575 Govan Mbeki Avenue, North End, Port Elizabeth, Eastern Cape
Property Extent:
1487 m2
Auction Venue:
Strauss Daly Offices Port Elizabeth
35 Pickering Street
Port Elizabeth
Eastern Cape
Auction Date:
18 May 2018 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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Auction Date: 18 May 2018 11:00 am

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