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Commercial Property On Auction in Mthatha

26 & 30 Stanford Terrace Hillcrest, Mthatha
  • Gross Lettable Area 2 874 m²
  • AUCTION
Mixed Use Commercial Building on Tender in Mthatha
Mixed Use Commercial Building on Tender in Mthatha! Perfectly positioned on the busy corner of Sutherland and Standford Terrace Street. Formerly know as the Old Savoy Hotel, this property is situated in the hub of Mthatha's CBD with major road frontage and high foot traffic. Excellent investment opportunity with great returns of 10% . Take advantage of this prime property in a great location... GLA 2874m² This property offers: - Lower Level: 8 retail outlets with off-street parking (all tenanted) - First Floor: 1488m² of office space (fully tenanted) - 50 accommodation rooms Tender Bid / Online terms and conditions: R50 000 (refundable) registration fee Tender Bid closes on the 25th of September 2019 at 12h00.

Property Overview
Type of Property
Commercial Property
Street Address
26 & 30 Stanford Terrace Hillcrest , Mthatha
Listing Date
28 August 2019
Availability Date
30 August 2019
Erf Size
2 974 m²
Floor Size
2974 m²

Facilities
Bedrooms
50

External Features
Parking
Off street parking

Building
Building Name
Old Savoy Hotel
Gross Lettable Area
2874 m²
Multi Tenanted
Yes
Standalone Building
Yes

Other Features
Nearby Public Transport
Bus, Minibus Taxi

Location
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26 & 30 Stanford Terrace Hillcrest
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Auction Information
Date of auction: 25 September 2019 12:00
Venue: Tender / Online
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