Absa occupied offices in Gezina to fall under the hammer

Posted On Tuesday, 26 July 2011 02:00 Published by eProp Commercial Property News
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Prominently situated, Absa occupied offices in Gezina, are set to fall under the Auction Alliance hammer during the upcoming Commercial Multiple auction to be held on August 25

Property-Housing-ResidentialThe property is situated in a prime, high exposure position on the corner of Ben Swart and Voortrekker Roads. The property has excellent access to main arterial routes including the N1 Highway, and its immediate vicinity can be characterised by an established commercial strip.

The property extends over a GLA of 2116m², and features ample parking. Between April 2011 and March 2012, the property is projected to produce a gross annual income of R2, 429,098.

Comments Andreas Greeff of Auction Alliance, “Based on recent auction results, blue-chip tenanted properties in prime locations continue to be in high demand amongst investors. Furthermore, the property’s prominent location in the heart of Gezina’s commercial node, heightens it’s appeal as an excellent investment opportunity”.

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

Last modified on Wednesday, 11 June 2014 08:57

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