Seaview Suburban Centre, 3 Van Renen Road, Seaview, Port Elizabeth, Eastern Cape
Extent: ± 4 890 m² | GLA: ± 1 469 m² | 2 x Residential apartments : ± 100 m² each | Zoning : Bus 2 | Gross Annual Income: ± R 1 560 000 | Potential annual income: ± R 1.9 Million
Unique opportunity to purchase an established Shopping Centre in a quaint seaside suburb, Seaview, Port Elizabeth. This community centre is anchored by Spar and Tops who have established themselves as the only supermarket in the area for the past few years. The Spar is supported by smaller line shops that compliment the community ie. restaurant and pub, farriar shop and ATM’s.
Seaview is a seaside suburb that lies on the coast approximately 10km from the N2 Highway making it an extremely convenient suburb to live on the coast while still enjoying the city benefits. In addition to the retail centre, the property includes 2 luxury apartments which demand some of the best possible sea views one could ask for.Currently the apartments are vacant as they are used by the owners as and when necessary. These units could easily be rented out as the rental demand is high in the area.
The property also includes an additional ± 1 000 m² of land that could be developed to increase the footprint of the centre, either in the form of retail or residential components. This is truly an opportunity to own and invest in your own retail centre in an area that will only grow in the future.
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