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Mbombela CBD complex added to Reliance sale

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The property - being sold as a portfolio disposal - is in “perfect” condition.

Reliance Auctions has added another prime property to the lots for its multi-property sale at the Durban Country Club on Tuesday at 11am.

The new offering is likely to be a major attraction as there is already strong interest in the sale of City Centre, an upmarket retail complex in Mbombela (Nelspruit) with about 11 600m2 gross lettable area (GLA).

The building is home to the Mpumalanga operations of the SABC, and many Mbombela residents know it as the SABC Centre.

David Soutter, chief executive of Reliance Auctions, says City Centre offers an impressive tenant mix.

The mall complex accommodates 26 tenants, including blue chips and national anchors. Leases in place include a 5-year office agreement with the SABC and a 10-year lease with Food Lovers Market. Iconic furniture dealers and interior design stockists, the Bakos Brothers, also trade from City Centre.

Soutter, who is handling the sale, says the property – being sold as a portfolio disposal – is in “perfect” condition.

Soutter is also handling the sale of another prime retail property, Boxer Shopping Centre in Wynberg, Sandton. Located at 21 Chadwick Avenue (corner Louis Botha Avenue), the complex has a GLA of just under 4000m2 and 13 high-profile tenants, spearheaded by Boxer Superstores, which holds the anchor lease until 2028.

Soutter expects excellent bidding for the Mbombela and Wynberg complexes as both are established retail complexes with strong customer bases.

For details email david@relianceauctions.co.za or call 0112346364 for full details about all the lots on auction. 

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