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First for Alliance, Bloemfontein

Posted On Friday, 26 September 2008 02:00 Published by eProp Commercial Property News
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Properties in Kimberley and Bloemfontein will be in the spotlight at the Alliance Group’s auctions this month, where 13 retail and office blocks and a parking garage will be on offer.


Absa buildingThe Bloemfontein auction, taking place on October 15 at the Southern Sun Hotel, will be a red letter day on the Alliance Group calendar when the group holds its first multiple property auction in the city centre.

Retail buildings in Kimberley with national tenants such as Absa, Furn City, John Craig and Lewis will be among the top lots coming under the hammer.

Other lots will include a property in Bloemfontein’s industrial area of Hamilton, a shopping centre in Kathu and six properties in Kimberley.

One of the Kimberley properties on the vendor’s roll is a retail centre with a gross lettable area of 840m² The building on Jones Street has John Craig and Lewis as tenants. Absa is the tenant of another building with a gross lettable area of 1300m² on Jones Street in the centre of the banking district.

A building on the Du Toitspan Road has Furn City as a tenant. It runs the entire length of the block and has a gross lettable area of 1989m² Also on offer on Du Toitspan Road is an A-grade building with a gross lettable area of 657m²

On George Street are an A+ grade building with a gross lettable area of 915m² with Cecil Nurse and Lounge Lizard as tenants, and a retail block with a gross lettable area of 4424m²

The shopping centre in Kathu is on Ben Alberts Road and its 5035m² houses tenants such as Capitec Bank, Edgars, Pep and Lewis. Kathu is a fast developing town in Northern Cape, with its growth based on huge mining developments mainly from iron ore.

Some of the world’s largest opencast iron-ore mines are found in and around Kathu. The town is growing at an incredibly rapid rate, making this a fantastic investment opportunity.

In Bloemfontein the Oranje Toyota Truck Sales and Service premises will go under the hammer. It offers a site area of 15846m² and lettable area of about 2397m²

The property is on Church Street, the main arterial route through the suburb of Hamilton with exposure to passing traffic.

Three imposing Kimberley buildings will be offered at the Johannesburg auction on October 23 at the Southern Sun Hotel, Sandton.

On the corner of Jones and Du Toitspan roads, described as the busiest junction in the city, is a landmark with a gross lettable area of 4504m² Nedbank is the tenant of 37 Chapel Street which has a gross lettable area of 1260m² An office block at 42 Pniel Street with a gross lettable area of 3500m² has the labour department as tenant.

Of a different hue is the parking garage at 13 Woodley Street, gross lettable area of 2270m²

Two of the Bloemfontein offerings are on Maitland Street, described as the CBD’s best street. Fedsure House, a handsome building with government and national tenants, has a gross lettable area of 9697m² The Absa building at 94-98 Maitland Street has government and national tenants, and a gross lettable area of 3038m²

The well-known Standard Bank House at 15 West Burger Street is an A-grade building, gross lettable area 4040m².

Last modified on Thursday, 12 June 2014 14:46

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