Shopping Centre (Filling Station Zoned), E.Cape

Eastern Cape

R 6 200 000

Financial Information

Detailed financials available on request

The Sunshine Coast Gateway Tourist Centre is located along the Sunshine Coast in the Eastern Cape, at Boesmansriviermond (Bushmans River Mouth next to Kenton on Sea).

The erf size is 4328 sqm and is partially (approximately 31.3%) developed in terms of a Sectional Title Scheme which comprises 7 shops: Shop 1--------186 sqm Shop 2------- 186 sqm Shop 3------- 238 sqm Shop 4--------410 sqm Shop 5-------- 50 sqm Shop 6-------- 50 sqm Shop 7-------- 50 sqm Total floor area-- 1170 sqm. All units are tenanted with the exception of units 6 and 7. 3031 sqm (68.7%) of the property's area remains for further development. Sectional Title Units 2-7 are currently owned by the Owner/Seller - Sectional Title Unit 1 is owned by a third party (conducting the business of a motor spares dealer) and this unit is not included in the sale. The property is zoned 1, 3 and 5, allowing for residential and general business including a filling station. The Owner (and his successor in title) also leases two adjoining public spaces of 1610 sqm and 2329 sqm at a nominal rental of R1-00 per year from the local authority on an indefinite period basis. This can provide additional parking/circulation space for the development. The price includes the sale of Units 2-7 plus the right to further develop the undeveloped portion of the property and the asking price is R6,200,000 (excluding Vat) The owner has made a decision to sell and to concentrate on his other business interests. This creates a perfect opportunity for a serious buyer to acquire an existing property as well as the opportunity to further develop, including a filling station.

Neville Loader

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