Print this page

Church Square ‘masterpiece’ up for grabs

Posted On Friday, 27 February 2009 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

 

THREE properties in the high demand areas of Church Square Pretoria, Midrand and Parkhurst will be among the lots coming under the hammer at the Alliance Group’s property auction next month

 

Property-Housing-ResidentialNumber 28 Church Square is close to the statue of Paul Kruger and opposite the Palace of Justice and Supreme Courts. It is truly situated in the heart of SA’s governmental precinct and is one of a historic complement of buildings that surround the famous Church Square.

This recently renovated seven-storey building has a gross lettable area of 6 500m² and has basement parking.

It has a stable government lease and is occupied by the Public Prosecutor.

It has a low rental base with the opportunity of getting higher rentals when new rentals are negotiated after 2010. “This property is in peak condition and one of Church Square’s masterpieces,” says Pieter Nel of Alliance Group.

“This is a fantastic rental growth opportunity and a long term investment that should not be missed.”

On offer in Midrand is a 5 000m² office block with full frontage to the N1 between Johannesburg and Pretoria.

“With the cost of advertising and marketing set to soar in the months leading up to next year’s 2010 Fifa World Cup, this property offers unparalleled exposure onto one of the busiest roads in the country,” says Gareth Botha.

The property offers three freestanding double-storey office blocks measuring 5 000m² in total on 15 000m² of land, with a further 3 000m² available for development.

The property is occupied by a call centre, but is well suited for a national company that requires large offices.

The property is being sold with vacant occupation.

For sale in Parkhurst is a building consisting of a large showroom and two separate offices, garage and a basement.

The 297m² property is well maintained and has six wall mounted air conditioners, steel frame windows and aluminium framed shop fronts. There are five street-facing parking bays, and four secure bays.

This modern and stylishly designed property is suitable for upmarket offices or a showroom and offers excellent exposure on Parkhurst’s busy Sixth Street.

The auction takes place on Wednesday, March 18, at the Hilton Hotel in Sandton.

Last modified on Wednesday, 18 June 2014 19:05

Related items