Ex Greenbushes Hotel

AUCT-000910 | On Auction

Greenbushes, Port Elizabeth, Eastern Cape


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Ex Greenbushes Hotel, Erf 2183 Greenbushes, Old Cape Road, Greenbushes, Port Elizabeth

Extent: ± 6 410 m² | GBA: ± 1 000 m² | Income: ± R612K per annum | Zoning: Business Special Purposes

This commercial/Retail site which was formerly run as the Greenbushes Hotel many years ago has been converted to various rental spaces which currently accommodates a Liquor Store,Sports Bar and Convenience Stores with an FNB on the ground floor.The first floor has been converted to short term accommodation units in the form of a lodge.

Although the property has satisfactory rental incomes, the property would lend itself to a re-development in the future. The site is situated on the ever busy Old Cape Road in Greenbushes which has seen huge growth in the industrial development side of late with various large scale warehousing being developed and with more in the pipeline.

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-000910
List price:
POA
Address:
Greenbushes, Port Elizabeth, Eastern Cape
Property Extent:
6410 m2
Auction Venue:
35 Pickering Street
Newton Park
Port Elizabeth
Eastern Cape
Auction Date:
09 April 2019 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: 09 April 2019 11:00 am

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