AUCT-002337 | On Auction

Retail Centre Within Matatiele CBD, Eastern Cape

109 Main Street (R56), Matatiele, Alfred Nzo District Municipality, Eastern Cape

Retail Centre Within Matatiele CBD. 109 Main Street (R56), Matatiele CBD, Eastern Cape

Site Extent: ± 3 123 m² | Anchor Tenant: National Supermarket & Liquor Store | GBA: ± 2 749 m² (inclusive of Anchor Retail ± 2 350 m²) | Current Gross Annual Income: ± R6.46 Million | High exposure – corner site | Ample parking – 35 bays


Prime Retail Hub In Matatiele CBD - High-Visibility Retail Centre With National Tenants

Features:
Anchor Tenant: Supermarket occupying 2 350 m², driving consistent foot traffic.
National Retailers: Additional tenants include an Optometrist, ATMs, and other recognized brands.
Site Extent: 2 700 m² under roof, offering diverse retail opportunities.
Occupancy: 95% tenanted, ensuring a steady income stream.

Accessibility, Location, and Surroundings
Prime Location: Situated in the heart of Matatiele CBD, providing easy access for local and regional shoppers.
High Visibility: Excellent exposure to both pedestrian and vehicular traffic, maximizing brand presence.
Surroundings: Nestled in a bustling commercial area surrounded by essential services and amenities, attracting a diverse customer base.

Branding Opportunity
High Footfall: With the supermarket as the anchor tenant, your brand benefits from significant visibility and customer reach.
Strategic Positioning: Ideal for national brands looking to establish a strong presence in the Eastern Cape.

Investment Opportunities
Current Income: Generates a Gross Annual Income of R5.8 million with the potential to increase to R6.0 million when fully tenanted.
Stable Returns: Strong tenant mix ensures reliable income, making this a low-risk, high-reward investment.
Growth Potential: Scope for rental escalation and further development, enhancing long-term value.

This retail centre in Matatiele Central Business District offers a rare opportunity to invest in a high-performing property with established national retailers in a prime location. Nestled in the vibrant hub of Matatiele's Central Business District, this retail center enjoys a premier location that blends accessibility with high visibility. Positioned at the intersection of major arterial routes, the center is easily accessible from key roads including Main Street, which serves as a vital connector through the heart of the town.

Matatiele's proximity to the R56 highway enhances its connectivity, linking the CBD to neighboring towns and regions, and making it a crucial stopover for travelers and locals alike. The retail center is just a short drive from the N2 freeway, providing seamless access to larger cities and other key commercial centers in the Eastern Cape.

Surrounded by essential amenities, the retail center is located within walking distance of banks, government offices, and healthcare facilities, making it a convenient shopping destination for residents and visitors. The area also boasts a diverse range of dining and entertainment options, further cementing its status as a bustling commercial hub.

With its strategic location, the retail center not only benefits from high foot traffic but also offers easy access for delivery vehicles and customers, making it a prime spot for retailers looking to capitalize on Matatiele's growing economic activity.

Commercial Type:
Retail Space
Web Reference:
AUCT-002337
List price:
POA
Address:
109 Main Street (R56), Matatiele, Alfred Nzo District Municipality, Eastern Cape
Auction Venue:
Mount Edgecombe Country Club

Auction Date:
24 October 2024 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50,000.00 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

Bidding opens in


Auction Date: 24 October 2024 11:00:00am


Virend Deonarain
                                                         In2assets Representative

Property Agent


Virend Deonarain
Show number
vdeonarain@in2assets.com


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