0 Items

Bidders Choice is thrilled to present an incomplete retail property for auction in Cosmo City with endless possibilities.

The land size is a generous 5074m². With this great size, potential buyers can envision their businesses blooming. Couple this with zoning for five storeys, and you’ll have yourself a shopping centre that is a hive of activity which is busy all day, every day.

Furthermore, this retail property for auction is surrounded by both residential and retail properties and has necessary council services such as water, electricity and sewerage.

Moreover, the unfinished building consists of face brick walls and floated concrete floor coverings, and so potential buyers know that the structure will be durable and be able to handle a great deal of foot traffic for years to come.

Perhaps the most attractive aspect of this property is that is has easy access from the highway, as well as Malibongwe Drive and the R512. This means that the centre will see shoppers from within Cosmo City, as well as from surrounding areas.

The total lettable area is about 7 901m², and this space allows for 48 shops. These shop areas are of different sizes, ranging from 7m² to 1311m², which is excellent for attracting a variety of retailers whom will make an extremely attractive shopping centre.

Other details are as follows:

  • • Erf number: 207
  • • Address: Corner Tennessee Avenue and South Africa Drive, Cosmo City, Johannesburg
  • • The stand is west-facing onto Tennessee Avenue and has a gradual slope

Cosmo City is one of the fasted growing suburbs in Johannesburg and indeed, in South Africa. An enormous Greenfield project began in the area a decade ago and the resulting growth has been incredible. A Greenfield project is one where construction occurs on land previously unused. With the resulting fiscal savings in construction from not needing to demolish prior to building, Cosmo City has become a thriving home for people from all over the country. This is what makes the suburb such an attractive opportunity for retailers. With the growth of the suburb, there is an ever increasing need for commercial businesses to satisfy the needs of the growing consumer demand.

In the last few years, major additions have been seen in the suburb, such as the development of five schools, safe parks for families, churches, viable healthcare that is going to be expanded, and a taxi rank which will help to bring a great many people in and out of the area.

The retail property auction will take place on 9 October 2014 at 11H00 on site. The auctioneer will be Pieter Geldenhuis, who is contactable on 082 808 1801.