Income generating properties prove their worth

Posted On Tuesday, 03 November 2009 02:00 Published by eProp Commercial Property News
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A packed function room where Alliance Group held its recent commercial Multiple Auction saw the many stellar properties on offer fly off the auction floor.

Property-Housing-ResidentialAmong the many successes was the Rayheld Centre, located at 7 Nourse Avenue in Epping 2, which sold to Mr. Sonday of Fairfield Butcheries for R13 750 000.

This prime Epping value centre and accompanying petrol station boasts a GLA of 4043m² and an annual income of R1 200 000.

Comments Greg Nafte of Alliance Group, who concluded the sale: “The frantic bidding activity seen on the auction floor further emphasised the high demand for income generating properties in the current market''.

Last modified on Wednesday, 18 June 2014 15:33

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