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Kariega

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This charming shopping center on Van Riebeeck Street in Uitenhage offers a lucrative investment opportunity. Featuring a diverse mix of tenants catering to various needs, this property is a promising income generator.

Property Highlights:
- Prime Location: Situated on Van Riebeeck Street, a bustling thoroughfare in Uitenhage, ensuring high visibility and foot traffic.
- Diverse Tenants: Current tenants include two gyms, a barber shop, a mini supermarket, and a water shop, providing a well-rounded shopping experience.
- Stable Income: With a good monthly rental income, this property offers a reliable and immediate return on investment.
- Growth Potential: Uitenhage is a growing community, making this property an attractive prospect for future appreciation.
- Ample Parking: Convenient parking facilities enhance the shopping experience for customers.

Invest in this shopping center to enjoy steady rental income and the potential for long-term capital appreciation. Don't miss out on this excellent real estate opportunity in Uitenhage! Contact us for more details and to schedule a viewing.

Shopping center on Van Riebeeck street

An incredible opportunity for an investor with imagination and who can take this diversified commercial property, with so much potential, to its next level.  

The property, 6.853ha, homes a petrol station (3 x diesel tanks 23sqm, 14sqm, 9sqm) 2 petrol tanks (23sqm, 14sqm), small supermarket, bottle store with license, bakery, kitchen, cold rooms (freezer and cooler rooms), numerous storerooms, an attractive 3 bedroomed face brick home with braai and garage, 5 two bedroomed flats with balconies overlooking the mountains and below them, a very large shop, a large, old second house (could make excellent restaurant or market store) plus municipal rezoning for building 15 chalets overlooking the Gamtoos river and valley).   (Plans now lapsed)

Extras are 2 strong boreholes, 5 x 500ltr water tanks and pumps, 2x 250ltr tanks for rainwater and reverse osmosis, water from PE municipality.

The property is located very close to (in sight of) the R102 (Cape Town Road) and just 13km away from Jeffrey's Bay and 55km to Port Elizabeth.

If you are looking for a worthwhile challenge - an excellent investment - if you have the ability to recognize what can be further created here - please contact us to view.

BUILDINGS - TOTAL 1,533sqm
The main shop, bakery, storerooms plus 2 toilets  396sqm
Old house (restaurant/market)                          120sqm
Bottle Store plus 2 shops                                    144.5sqm
New shop under 3 flats                                        220sqm
3 flats over new shop                                           220sqm
2 flats over bottle store and 2 shops                 144.5sqm
3-bed house                                                            250sqm

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Shopping center on Van Riebeeck street

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