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 |
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City | Mthatha |
Suburb | Mthatha CBD |
Sector | Commercial |
Gross Rental/m2 | Retail shops @ R225; offices @ R120.00 |
Annual Escalation | 8% |
GLA | 5512.06 |
Vacant Area | Retail shop (ground floor) = 72m2; Offices: 3rd flr= 587m2; 4th floor =139m2;5th floor = 725m2;7th floor = 725m2 |
Parking | Covered bays @ R500.00 |
Tenant Installation | 1 month of net rental for each lease year, subject to a minimum 3 year lease period. |
