The liquidated Bel Air Mall in North Riding is set to go under the hammer on 30 March at a multi-property auction to be held at the Hilton Hotel in Sandton.
An aerial property view of the liquidated Bel Air Mall which is set to be auctioned in March.
Virgin Active recently announced that it would be taking up space in the centre, having agreed to rent 3800sqm. Built for over R300 million, the centre is situated on the corner of Malibongwe Drive, in Johannesburg's North Riding area.
The Mall which had major vacancies, particularly on its upper floor will almost be fully let when the new purchaser takes over the centre.
It will be auctioned alongside the Lonehill Shopping Mall and according to auctioneers, Auction Alliance, there is significant interest in the two cash-generating centres.
“Both malls have attracted extensive interest, and with the signing of a new big-brand tenant for the Bel Air Mall, we expect this to increase,” says Alliance CEO, Rael Levitt.
There are other national tenants in the centre, including Superspar and Clicks.
The auction will take place on 30 March at The Hilton Hotel in Sandton.
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