Seaview Suburban Centre

AUCT-000724 | On Auction

3 Van Renen Road, Seaview, Port Elizabeth, Eastern Cape

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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.

To participate in this physical auction each bidder has to follow the registration procedures.

Commercial Type:
Block of Flats
Web Reference:
List price:
3 Van Renen Road, Seaview, Port Elizabeth, Eastern Cape
Property Extent:
4890 m2
Auction Venue:
Strauss Daly Offices
35 Pickering Street
Newton Park
Port Elizabeth
Eastern Cape
Auction Date:
22 August 2018 11:00 am

Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by bank guaranteed cheque. No cash. ID Document is required.
Auction Date: 22 August 2018 11:00 am

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