Multi property auction

Posted On Tuesday, 02 November 2010 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

A filling station in Primrose, Germiston, is one of the ten prime properties lined up for Aucor’s next multi-property auction.

Property-Housing-ResidentialThe service station, on a total GLA 647m², consists of a forecourt, offices, vacant shops and workshop space. 

The forecourt is ideal for servicing large trucks and the property is suitable for light workshops, a convenience store or take-away establishment.

The location is good as Primrose is predominately an industrial area, and is directly adjacent to the well-established industrial nodes of Knights, Isando and Eilandsfontein, and is in close proximity to main roads and highways leading in all directions.

“The filling station will be sold in conjunction with the property which means there are no stringent approval requirements typical of other filling station acquisitions. 

It pumps over 100 000 litres per month and has unlimited upside potential as there is ample room for a convenience store, car wash and workshops,” says Aucor director Paul Winterstein. 

“The station falls under the e10 brand,  one of South Africa’s fastest growing fuel brands, with filling stations situated across the country. One of the biggest benefits of owning an e10 filling station is that no royalties are payable to the franchisor.”

Also falling under the hammer will be a high-yield investment opportunity in Kya Sands: a fully-let warehouse with a GLA of 1 047m² with a gross annual income of R376 920.  It is a high demands area and has a solid tenant with a three year lease in place.

Two pieces of development land are on offer: 5 026m² in Bryanston, zoned for residential 2 with an allowance for 20 units to be built and electricity is available. 

Two strategically located erven in Nooitgedacht  on 20,799 and 7,3 hectares zoned for agricultural use will be knocked down to the highest bidder.  The site has excellent visibility along the N14 to Krugersdorp and electricity is available on site.

Buyers looking for high return  investment opportunities on the East Rand can consider two adjacent properties in Rietfontein Road, Primrose, Germiston, with a  total of five unit, established tenants on a total GLA of 954m² and good main road exposure.

As a result of a liquidation, a superb property in at 1 Melville Road, Hyde Park with a GLA of 1 300m ² must be sold.  Zoned for residential 3, it is suitable for premium residential, medical suites or a clinic, or for a boutique hotel.

Moving to Sandton, a two bedroom, two bathroom apartment  in the Hydro, next to Investec and within walking distance to Sandton City and adjacent retail centres, will go to the highest bidder.  The prime location apartment comes with two basement parking bays and access to the swimming pool area in the complex.

Another fantastic opportunity is a corporate disposal in Dunvegan, comprising seven AAA-grade sectional title office blocks with a total GLA of 1 021m².  Each three-storey unit, between 100m² and 200m²  has a lift, easy access to the highway and basement parking.

Under instructions from attorneys, the next lot is a default sale in Roberts Avenue, Kensington, comprising an apartment block with nine flats ranging from 73m² to 118m², in a secure building.

“The range on offer brings a number of good opportunities to investors as the market is still on their side, and based on the number of enquiries we’re already had, we believe there will be strong interest at the sale,” Winterstein concludes.

The auction takes place on  10 November at 12:00 at the Hilton Hotel , Rivonia Road, Sandton.

Last modified on Thursday, 12 June 2014 14:37

Most Popular

Equites Property Fund’ prime logistics portfolio delivers exceptional returns

May 04, 2022
Andrea Taverna-Turisan
Equites Property Fund Limited today announced growth in its distribution per share of…

When is eviction legal? All you need to know about dealing with problem tenants

May 04, 2022
Evictions
Buying an investment property is great, especially when you’ve chosen a good location.…

Steilloop Shopping Centre makeover exceeds customer needs

Apr 22, 2022
Rural Limpopo's Steilloop Shopping Centre was bought by developer, GMI Property Group…

Deadline looms for energy performance compliance for commercial buildings

Apr 25, 2022
Energy certiticate
By 7 December 2022, commercial properties in specified sectors must have obtained their…

First quarter Rode’s Report raises doubts over the Sectional Titles Schemes Management Act

Apr 25, 2022
Default Image
The latest issue of the Rode’s Report has brought into question the practicality of the…

Please publish modules in offcanvas position.