Extent: ± 2 742 m² | GLA: ± 3 830 m² (Hotel is ± 3 200 m² & Retail ± 630 m²) | There are no valid lease agreements in place | The property is currently occupied by occupants not authorized by the Seller | Neither the Seller nor the Auctioneer guarantee any vacant occupation
Landmark Property On Auction in Mthatha Central
This well-known building in the Eastern Cape City of Umtata runs from Madeira to Sprigg Streets which are one-way roads entering and leaving Mthatha and offers the hotel component, a open parking area and a retail component with various shops.
Situated in the heart of the CBD, this property offers multiple opportunities as it stretches across the block from Madeira to Sprigg Streets which are the main roads entering and leaving Mthatha.
This property boasts high foot traffic and excellent visibility due to the fact every vehicle must pass it whether entering or leaving Mthatha on the N2.
The property offers retail opportunity as well as an existing hotel that could be changed to retail on the ground floor and accommodation on the six floors above. The property also has approximately 1200sqm of open parking onto Sprigg Street which could be developed.
These properties are strategically located in the City Centre and are surrounded by various national tenants (Spar, Total, Shell, Steers, etc) offering exceptional retail opportunities for the buyer with the right foresight.
In2assets East London
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lindle@investpro.co.za
