Port Elizabeth landmark, the former Star Bakery building in Walmer Estate, has been decommissioned and will be sold at an onsite auction on 19 June 2017. Very well situated within close proximity to the international airport and a mere five kilometres from the port, the prominent industrial property will be auctioned on 19 June 2017 on site at 158-160 Heugh Road.
According to Greg Nafte, Co-Director of Nexus Property Group (NPG), this auction presents property investors with a chance to invest in a landmark asset situated in a growing, central node that is currently experiencing both commercial and retail development growth.
“The property, which extends over 7 785m2 , consists of a large paved yard expanse and a gross lettable area of 3 061m2, which currently comprises of multiple store rooms, warehouses, offices, wash bays and workshops. Being sold with vacant occupation, the property offers great frontage onto Heugh Road – a prominent thoroughfare linking the Port Elizabeth international airport and the CBD.”
Nafte adds that viewing of this sought-after property is by appointment only, and all interested parties will be required to submit their Expression of Interest, a document outlining their intended use for the property. “In order to participate in the auction, an Expression of Interest form, which is available on request, must be completed and submitted, along with a R50 000 refundable deposit, by no later than 5 June 2017.”
In order to participate in the auction, purchasers are required to submit an Expression of Interest by the 5th June 2017 outlining their intended use for the property. Should the Expression of Interest be approved, the purchaser will need to register for the auction and submit a R50 000.00 refundable deposit along with FICA documents. For any queries, please contact Robert Shaff on 072 195 1211 or firstname.lastname@example.org. The auction will be held on-site at 158-160 Heugh Road, Walmer Estate, Port Elizabeth at 12h00 on 19 June 2017. For more information please visit www.nexusproperty.co.za.