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EAST LONDON - COMMERCIAL PROPERTY, INVESTMENT PROPERTY, RETAIL PROPERTY

COMMERCIAL BUILDING IN BEREA - THIS AUCTION HAS CLOSED

DESCRIPTION:

Invited Opening Bid R2 500 000

Bidder Security R25 000 *fully refundable if unsuccessful bidder

Property Summary

This sale is Subject to Confirmation by the parties involved

Erf 9475 Berea

Erf extent 1015 m2

Floor size approximately 775m2

Rates approximately R16 000 per month

Situated in prime letting area that commands R110/m2 

Zoned 1 Commercial

FEATURES:

Property description

6 x Seperate lettable areas

6 x Toilets

3 x Lower street facing retail spaces 

1 x Large upstairs storage

1 x Upper level spacious vacant open showroom space or multi office open plan

3 x Separate office or storage areas

1 x Retail or office space on two levels with own toilets and kitchens

1 x Prime Street-facing shopfront

1 x Courtyard

2 x Entrances into building

8 Parking Bays in front of building

Location

Chamberlain road is a premium upper retail precinct. The area has high traffic volume and this building is in the heart of this fast growing node. The frontage offers premium visibility and as an investment this property offers a myriad of best use opportunities. Current tenants can pay holding costs or be expanded upon. Rates for prime retail space in this area are at R110 per square meter.

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