Sunday, December 16

Trio of retail centres among assets for sale

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KZN properties include two shopping complexes and a warehouse

Three prominent KwaZulu-Natal properties are listed for sale at a Broll Auctions and Sales auction in Johannesburg on November 28.

The sale at The Wanderers Club at 21 North Road, Illovo, starts at noon.

The KZN properties on offer are:

* An established shopping complex at 532 Dr Chota Motala Drive in Raisethorpe, Pietermaritzburg.

The mall is anchored by Shoprite with long-standing tenants including KFC, Pep Stores, African Bank and Medikist Pharmacy. The property has a gross lettable area of over 5000m² and is situated on a plot of 6700m².

* Greytown Shopping Centre on the corner of Sargeant and Oakes streets in Greytown.

Broll describes this property as “a ‘high street’ retail centre with great tenants on a busy corner in the heart of the town”.

The GLA for this listed fund disposal is over 5300m².

* Pioneer Foods warehouse at 5 Cardiff Road, Willowtown. The GLA for this Pietermaritzburg listed fund disposal is over 3000m².

Also on offer at the auction will be Cresta Corner, a major shopping complex next to Cresta Shopping Centre in Randburg, Joburg; the eight-storey City Forum building in Pretoria, as well as retail centres in Groblersdal and Somerset West.

For more details about the auction, phone 087 700 8289 or visit www.broll.com or email auction@broll.com.

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