Five Randburg properties up for auction

Posted On Wednesday, 01 September 2010 02:00 Published by eProp Commercial Property News
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The Ferndale portfolio offers a variety of properties, including an office redevelopment opportunity, a single tenant office building and a large motor retail property with great income.

Property-Housing-ResidentialThe first property, situated at 328 Kent Avenue, has a strong single tenant with a lease until 2014 and an annual income of R3.6million. The property has a gross lettable area of just under 4,300m² and is in immaculate condition.

The second property, a motor retail centre, Moto Town, is situated at 191 Bram Fischer Drive. The property is in a good position, with a high volume of passing traffic and generates an annual income of R5.3million. The centre with a gross lettable area of 12,700m² is anchored by tenants, Midas, PG Glass and Speedy.

The third property is a multi tenanted office block at 37 Harley Street, with an annual income in excess of R1.4million. This low maintenance building is in pristine condition with ample secure parking and a gross lettable area of 2,120m².

The fourth property is a great redevelopment opportunity, in Pretoria Street, a block away from the intersection of Republic and Bram Fischer. 276 Pretoria Street has a gross lettable area of 3,600m², offers good exposure to passing traffic and is just up the road from Sandton.

The fifth property, a neat office block at 38 Dover Street, is ideal for an owner occupier and has a gross lettable area of just over 1,000m² with a potential annual income of R700, 000.

Last modified on Thursday, 12 June 2014 15:53

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