Property Overview
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Tumelo Smouse
Madeira Plaza

This property comprises of retail shops on the ground floor and office space from the 3rd to the 7th floors. Each office plate consists of an east and a west wing that provide panoramic views of the Mthatha CBD and the greater Mthatha. This is a multi-tenanted building and the floor plates are already white-boxed. This property is strategically located on the corner of Madeira and Elliot street in the heart of the Mthatha central business district.

Province Eastern Cape
City Mthatha
Suburb Mthatha CBD
Sector Commercial
Gross Rental/m2Retail shops @ R225; offices @ R120.00
Annual Escalation8%
GLA 5512.06
Vacant AreaRetail shop (ground floor) = 72m2; Offices: 3rd flr= 587m2; 4th floor =139m2;5th floor = 725m2;7th floor = 725m2
ParkingCovered bays @ R500.00
Tenant Installation1 month of net rental for each lease year, subject to a minimum 3 year lease period.