AUCT-002367 | On Auction

CBD Retail and Commercial Investment

44 Govan Mbeki Street, North End, Nelson Mandela Bay Metropolitan Municipality, Eastern Cape

CBD Retail and Commercial Investment. 44 Govan Mbeki Street, North End, Gqeberha (Port Elizabeth)

Extent: ± 1 784 m² | GLA: ± 7 801 m² | Gross Monthly Income: ± R758K | 95 Secure parking bays | Zoning: Business 1


Not often does a property of this calibre make it to the open market.

Located on the sought after golden mile strip of Govan Mbeki,Port Elizabeth Central. This section of Govan Mbeki Avenue stretching from the Port Elizabeth City Hall and Russell road is home to all major retailers due to the high foot traffic it experiences on a daily basis.

The property is made up of 7 floors. The ground floor retail space which demands great access and visibility, hence the long standing national tenants over the years.

The upper floors are home to National Government tenants, who have occupied the majority of the commercial areas on the upper levels for many years. Currently the property does have ± 2 000 m² vacant. The property further offers ± 96 secure parking bays on the property which is extremely valuable in this part of the city.

Commercial Type:
Commercial Building
Web Reference:
AUCT-002367
List price:
POA
Address:
44 Govan Mbeki Street, North End, Nelson Mandela Bay Metropolitan 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


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.