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Sold | Business Rescue | Port Elizabeth

Business Rescue – Partially Let – King’s Village & Terraces

Region: Eastern Cape
Suburb: Walmer Heights
Address: Titian Road, Walmer Heights, Gqeberha

Type of Sale:
On Auction – Business Rescue

Auction Date: 26 April 2022 @ 12PM – Radisson Blu, Gqeberha

Auctioneer: Elias Tzouvanni

Description:

Mixed use complex comprising retail centre, commercial space, storage units and residential apartments.

Total GLA | 23 208m2

Parking | Open and Basement Parking

 

Title Deed Description

Sectional Title Name: King’s Village & Terraces

Sectional Title Numbers: SS539/2008 & SS15/2011

Township: Walmer

Total Extent of Sections: 23 208m2

Building Breakdown

Retail Centre: 11 894m2

Commercial: 2 792m2

Residential Apartments: 1 650m2 (13 Units)

Storage Units: 6 551m2

Pool: 321m2

Parking: Exclusive use of open parking (P1) and 118 Basement Bays

Residential Parking: Exclusive use as set out in conduct rules (1 Bay per unit)

Rates

Estimated Rates: R179 869 / Month

Estimated Levies: R250 750 / Month

*As per income statement provided by seller

 

 

Greg Nafte

Rhett Romain Nexus Property Group Real Estate Agent

Rhett Romain