Old and new buildings on offer

Posted On Friday, 29 August 2008 02:00 Published by eProp Commercial Property News
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Morden office and retail buildings, as well as an historical hotel building in Gauteng and Mpumalanga, will be on offer at the Alliance Group multi- property auction next month.


Property-Housing-ResidentialProperties in Johannesburg, Klerksdorp, Nelspruit, Witbank and Krugersdorp will be among those coming under the hammer.

A newly-built office building described as a high-tech corporate head office and warehouse is on offer on Roan Crescent Midrand.

The building, with vacant occupation from January next year, has a gross lettable area of 9575m² Not as modern, but a handsome building in its own right, is the historical hotel in Krugersdorp.

The hotel, on Commissioner Street, has 22 rooms, 15 mini flats, a restaurant and conference facilities. It has an existing liquor licence.

Also in Krugersdorp is a modern office block with a lettable area of 9575m² on a 2769m² stand on Ockerse Street. On sale in Klerksdorp is also a retail strip centre, Terminus Building, with blue chip tenants and a lettable area of 10344m²

A six storey office block with redevelopment potential is available on Jan Smuts Avenue, Bordeaux. The partly vacant building of 4854m² has a gross income of R556488 a year.

Another office block, on Voortrekker Street Gezina, Pretoria should attract keen bidding. The building, which has an Absa lease until 2013, has lettable area of 1718m² The building has a gross income of R1,01m a year.

On offer in Cullinan is an interesting combination of a retail/conference centre and a filling station.

There is a 10-year lease with the Shell oil company. The complex has seven tenants, a lettable of 1670m² and a 25 parking bays.

Industrial buildings include a fully let building in Glen Austin, Midrand, and a complex in Kramerville. The former has a lettable area of 6 757m² and an income of R1,2m a year, and the latter has 6 757m² and a gross income of R1,4m a year.

More unusual is the offer of a one-stop residential, bushveld and commercial component Klaserie. The property on 61,83ha comes with five houses, two flats, restaurant and forecourt and has a gross income of R438 000 a year.

An attractive investment opportunity is offered by a retail centre with a gross lettable area of 2 170m² in Nelspruit.

The centre has Sales House as tenant with a gross income of R1m a year and a lease expiring in 2016.

Last modified on Thursday, 12 June 2014 15:55

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