Bustling centre with quality tenants

IN2ASSETS has an investment opportunity as it auctions an Oudtshoorn retail centre that has national tenants.

The sale will be livestreamed from the auction venue on August 23 at 11am.

The shopping centre, at 48B High Street, is within walking distance of restaurants, galleries, curio shops and activities, and draws high foot traffic.

The property is fully let, with blue chip national tenants that include Standard Bank, Absa Bank, Wimpy and Midas.

The property has a gross annual income of more than R3.6 million and suits a host of retail uses.

There is easy access to a paved parking lot that has ample bays. A second gated access point off Voortrekker Street is used for deliveries.

The centre is in good condition, having been well maintained and serviced.

Standard Bank and Absa Bank enjoy good frontage onto High Street, with ATM access.

Wimpy is on the side of the property and Midas to the rear.

Wimpy has a secure external children’s play area, covered outdoor seating, and functional restaurant layout, with commercial kitchen and ablutions.

The Midas building is of steel-frame construction and has a secure loading yard for deliveries via a steel palisade gate. There is vehicular access from Voortrekker Street.

The buildings are all air conditioned and have CCTV cameras inside.

Bids can be submitted remotely via the In2assets online bidding platform. Viewing is by appointment only. For more information, call Luke Hearn at either 071 351 8138 or 0861 444 769 or email lukeh@in2assets.com |