AUCT-001769 | SOLD

Spar Retail Centre - Port Elizabeth

1 Primrose Square, Westering, Port Elizabeth, Eastern Cape

Spar Retail Centre. 1 Primrose Square, Westering, Port Elizabeth

Extent: ± 2 850 m² | GLA: ± 3 395 m² | Gross Annual Income :± R4.2 Million (including recoveries) | Zoning: Business 1


Very rare opportunity to acquire an established neighbourhood retail Centre with SPAR as an anchor tenant. The SPAR is very well established and trading well. Line shops include various long-standing tenants who have occupied the centre for many years, such as Tops, Wayne Phfeffier Cycles, Cassies and various administration offices occupy the top floors. The Centre is situated between the very busy Cape Road and a small taxi rank and school. The Westering area and surrounds such as Linton Grange, Kabega etc have experienced huge growth with many new residential developments being constructed of late including the brand new Westbrook suburb which also includes a CURRO school.

Commercial Type:
Retail Space
Web Reference:
AUCT-001769
Final price:
POA
Address:
1 Primrose Square, Westering, Port Elizabeth, Eastern Cape
Auction Venue:
Mount Edgecombe Country Club
Mount Edgecombe
Durban
KwaZulu Natal
Auction Date:
20 October 2022 11:00 am



Auctioneer:
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

Bidding opens in


Auction Date: 20 October 2022 11:00:00am


Brad Dowlman
                                                         In2assets Representative

Property Agent


Brad Dowlman
Show number
bdowlman@in2assets.com


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