1 850 m² Commercial space in Plettenberg Bay Central

Anchor your Property Portfolio on a Shopping Centre For Sale in Plettenberg Bay

DUAL MANDATE

A shopping centre located just off the N2 at the entrance of Kwanokuthula is currently for sale. Benefitting from a high-volume captive market, the center serves as a primary retail node for the Kwanokuthula community, ensuring consistent footfall and high visibility for tenants. Plettenberg Bay is no longer just a holiday town it''s a semi-gration hotspot, which means more employment. As the town transitions into a year-round economic hub driven by significant semigration, this asset offers a defensive investment in a rapidly expanding precinct.

The centre features an anchor tenant along with stable, smaller tenants. However, the property is currently underutilized, and with the addition of a few well-known fast food outlets, the return on investment could increase even further. This shopping centre is situated in an area where a quality shopping experience is much needed, and with some attention to detail, the potential for growth and profitability is substantial. An upgrade to a mixed-use complex incorporating Residential could be an idea to expand on.

For further information, please contact Sandra Caldecott from Chas International Property Group in Plettenberg Bay.