Busy shopping centre to go under hammer

CLAREMART will at the end of this month offer a busy shopping mall in Brackenfell with strong rental income and key tenants.

Millennium Mall, at 576 Frans Conradie Drive, benefits from excellent visibility, as well as high vehicular and pedestrian traffic.

On a plot of 3 821m², the property is zoned “General Business 1” and yields an annual rental income of R2.5 million. The two-level shopping centre includes a full spectrum of retail and office space with ample parking.

It is situated close to the N1, Old Paarl Road, and a wide array of essential amenities.

“Location alone makes this a superb investment. Brackenfell has grown substantially over the past decade, both residentially and commercially.

“The need for commercial ventures to expand employment opportunities in the suburb has also increased substantially.

“Many businesses are flourishing and others are seeking commercial space to expand their footprints, There is never likely to be a shortage of tenants wanting space in Millenium Mall,” says Sanjeev Boyjoonauth, ClareMart senior auction consultant.

The mall is one of several lots for ClareMart’s next multi-property auction to be held at the Hellenic Community Centre, 24 Bay Road, Mouille Point, on October 30 at 12.30pm.

For more details, email Sanjeev Boyjoonauth on sanjeev@claremart.co.za, call 021 425 8822 or 0712239552 or see www.claremart.co.za. – Auctions Writer

Millennium Mall in Brackenfell will be auctioned by ClareMart on October 30.