Office and retail unit on Louis Botha Avenue up for auction

Posted On Tuesday, 15 March 2011 02:00 Published by eProp Commercial Property News
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Auction Alliance will bring an office and retail redevelopment opportunity on the busy Louis Botha Avenue to auction on March 22.

Property-Housing-ResidentialThe property, well-situated in the Orange Grove area on the corner of Louis Botha Avenue, Osborn and Hope Streets, enjoys good exposure due to its position on this busy thoroughfare, with its high volume of traffic.

The property lies within close proximity to a variety of amenities including the Killarney Mall, Houghton and Killarney Golf Courses, and up-market schools including St Johns and King Edwards.

The property is divided into three sections, an industrial retail tyre fitment centre, an office component and an adjoining workshop. Extending over a GLA of ±135m², the office component features a reception area, strong room, kitchen, four offices and ablution facilities.

In addition this area includes a plunge pool, covered patio area, shade-net parking for four vehicles, air-conditioning and alarm system and fire equipment.  The property is well maintained, all driveways and walkways are paved, is fully enclosed and accessible via Hope Street through a motorized sliding gate.

Extending over a GLA of ±580m², the tyre fitment centre features seven fitment bays fitted with industrial roller doors, staff change-rooms with showers, sales desk, waiting room, compressor room and ablution facilities. Lastly, a tyre storage area and office are located at the rear of the building, which can be converted into a workshop.

Comments Michael Sacks of Auction Alliance, “The property’s central location along Louis Botha Avenue, one of Johannesburg’s main roads and an important commercial, retail and industrial node, and its excellent exposure to passing pedestrians and traffic, make it a solid investment  and fantastic redevelopment opportunity with an additional 3000sqm of bulk available for immediate construction.”

The auction takes place at the Hilton Hotel, 138 Rivonia Road, Sandton. 

Last modified on Thursday, 12 June 2014 10:47

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