Prime Sandton industrial facility up for grabs

Posted On Thursday, 31 March 2011 02:00 Published by eProp Commercial Property News
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Auction Alliance will take an industrial facility in the commercial node of Wynberg, just south of the Sandton CBD, to auction on April 14.

Property-Housing-ResidentialThe property, situated at 688 Pretoria Main Road Wynberg, is easily accessible via main and secondary routes, including the Grayston Drive off ramp, and enjoys good exposure to passing traffic.

The property extends over a GLA of 5,977m² and contains three workshops/factories. One of the workshops features two overhead cranes with a capacity of 10 and 15 tons respectively; the other two offer large roof structures, used for repairing and maintaining vehicles, as well as offices and ablution facilities. All three workshops include floated concrete floors.

The property generates a gross annual income of R2, 250, 288 and additionally, features a triple-storey office building, with covered parking facilities.

Comments Warren Aronson of Auction Alliance, “In the current financial climate investors are increasingly looking to well-let industrial properties due to the immediate earning potential properties like this offer.

This combined with Sandton’s status as a premier business node and the recent introduction of the Gautrain, make this a valuable investment opportunity.”

The auction takes place at 12pm at the Hilton Hotel, 138 Rivonia Road, Sandton.

Last modified on Wednesday, 11 June 2014 17:57

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