Invest in mall or prime residential stands
Auction will offer shopping centre in Rustenburg and erven in diamond mining town of Cullinan
RELIANCE Auctions will stage a prime retail and investment auction at The Hilton Hotel in Sandton on March 20 at noon.
One of the major attractions will be the sale of City Square, a fully-let, large (almost 10 000m²) shopping mall in the Rustenburg CBD. The complex in Fatima Bhayat Street has high foot traffic, and several long-term leases.
David Soutter, Reliance chief executive, says the shopping centre has 54 tenants, including three chain stores as anchors.
“City Square is a well-maintained mall in the heart of Rustenburg.
Its upkeep requirements are low and the complex is fully air-conditioned. There is also secure basement parking, easy access, and 24-hour security in this centre, which promises a substantial return on investment.”
Viewing is by appointment and can be arranged by calling 083 325 7152 or 084 606 6521.
Also on offer will be the opportunity to invest in 32 residential stands at The Village @ Cullinan, set on a scenic Dale Hayes golf course widely regarded as one of the best ninehole courses in South Africa.
The mining town of Cullinan dates back to 1903 but today offers modern recreational activities such as abseiling, horse and quadbike riding, and coffee shops and antique and craft stores. Surface and underground tours of the working Cullinan Diamond Mine are a tourist draw for the town where the world’s largest diamond (3 106ct) was found in 1905.
Call 078 180 1521 for more details.
Among the other lots on offer at the Reliance auction will be:
Warehouse, offices, distribution facilities and laboratory in Boksburg North.
Office block with four sectional title offices, fully let, in Honeydew.
Upmarket office building with a five-year triple nett lease in Lyttelton Manor.
Offices of more than 700m² in a “top location” in Centurion.
Vooma petrol station in Lewisham on the West Rand.
For more details see www. relianceauctions.co.za. – Auctions Writer