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Port Elizabeth, Eastern Cape | 3458, Boardwalk Complex, Summerstrand, PE

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Entertainment Investment Opportunity


Acquire the tenancy under the Notarial Lease over this property

• Known as “THE LIGHTHOUSE”
• Current tenant Tenpin Bowling – total of 2071m²
• 5 year lease, currently paying R64,000.00 p.m. excl. VAT
• Vacancy 2004m²
• Total GLA 4075m²
• Zoned Special Purposes – Primary uses: Hotel/s, recreation/resort facilities, tourist orientated facilities and dwelling units/residential accommodation
• Unrestricted FSI
• Height restriction maximum of 4 floors to fall in line with the existing Boardwalk Complex
• 200m from Boardwalk Casino
• 200m to the beach
• Property is subject to a 99 year Lease
• Lease period: 30/9/03 – 31/8/2102
• Monthly rates payable to Emfuleni as provided by Business Partners: R20,402.20


Features
  • GLA ± 4075
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    Auction date & venue

    Location : Port Elizabeth
    Date : 30 September 2010
    Time : 12:00 PM
    Venue : Protea Marine Hotel, Summerstrand, PE
    Lots : 7

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