AUCT-002186 | On Auction

Commercial Investment Mill Park

180 Cape Road, Mill Park, Nelson Mandela Bay Metropolitan Municipality, Eastern Cape

Cape Road Investment. 180 Cape Road, Mill Park, Gqeberha (Port Elizabeth)

Extent: ± 793 m² | GLA: ± 310 m² | Annual Gross Income: ± R411K | Tenancies: National Tenants


Welcome to 180 Cape Road, nestled in the heart of Mill Park, Port Elizabeth – a commercial property offering a gateway to a lucrative investment. This well designed space presents a blend of modernity, functionality, and prime location, setting the stage for success in the bustling commercial landscape.

Location: Strategically positioned along the vibrant Cape Road, this property enjoys prime visibility and easy accessibility, making it a coveted destination for businesses seeking a prominent presence in Port Elizabeth. With its perfect location on a busy thoroughfare, it offers exceptional exposure and seamless access for tenants and clients alike.

Perfect Use: Currently occupied by two national commercial administrative offices, this property exemplifies its perfect use as a hub for corporate operations and administrative functions. Its spacious and modern design caters to the needs of discerning tenants, providing an ideal setting for productivity and efficiency.

Opportunity for Buyer: For astute investors, this property represents a remarkable opportunity to acquire an income-generating asset with promising returns. With two reputable tenants already in place, the property offers stability and potential for further growth, making it a compelling investment proposition in today's market.

Currently Occupied by Two Tenants: Benefiting from the presence of two national commercial administrative offices, this property boasts a history of stable tenancy, ensuring a steady stream of rental income for the discerning investor. The long-term occupancy of reputable tenants adds to the property's appeal and reliability.

Plenty of Parking: Ease of access is paramount at 180 Cape Road, with ample parking facilities available on-site. Tenants and visitors alike will appreciate the convenience of designated parking spaces, ensuring a seamless experience and eliminating parking concerns.

Commercial Type:
Commercial Building
Web Reference:
AUCT-002186
List price:
POA
Address:
180 Cape Road, Mill Park, Nelson Mandela Bay Metropolitan Municipality, Eastern Cape
Auction Venue:
Mount Edgecombe Country Club

Auction Date:
25 April 2024 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by bank guaranteed cheque or EFT. No cash. FICA Document are required.

Bidding opens in


Auction Date: 25 April 2024 11:00:00am


Brad Dowlman
                                                         In2assets Representative

Property Agent


Brad Dowlman
Show number
bdowlman@in2assets.com


Contact Us!



 * I agree to the In2assets Privacy Policy
 Add me to the mailing list & WhatsApp to receive the latest property listings.