Tenders Invited For The Purchase Of The Seller’s Interest In A Notarial Deed Of Lease Over A Prime Commercial Property In Mount Frere (KwaBhaca)

PROPERTY OVERVIEW

Erf 359 (Portion of Erf 226) Mount Frere, Registration Division Kwa-Bhaca RD in Umzimvubu Municipality, Province of Eastern Cape in extent of 489 sqm

Situation and locality

Mount Frere, officially KwaBhaca, is a town located in the Eastern Cape Province, previously known as the Transkei region, of South Africa. KwaBhaca is situated between Kokstad and Mthatha along the N2 road about 100 km north east of Mthatha. It is administered by the Alfred Nzo District Municipality and the villages are ruled by the Tribal chief with intermediary borders.

The Stand

The Portion of the site subject to the Notarial Deed of lease is located on a rectangular shaped level stand with frontage onto Main Street. The area subject to the Notarial Deed of Lease is an area of approximately 489 m².

Improvements

The property encumbered by the Notarial Deed of Lease comprises of three levels more fully described as follows:-

Basement

The basement area of the property is located below the first floor and comprises of a reinforced concrete floor with slab ceilings.

Ground Floor

The ground floor is at road level and comprises of a shop front area onto the main road with a storeroom at the rear. The area has tiled floors with suspended ceilings.

Upper Floor

The upper floor comprises of 15 individual flats with a communal lounge, kitchen and laundry area.

Site Improvements:

Paved walkways and covered area at the rear of the property.

For more info contact Danielle  033-397-1190 or email reception@maskell.co.za