Absa Building in Nigel goes gavelling

Posted On Wednesday, 17 August 2011 02:00 Published by eProp Commercial Property News
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A prominently situated Absa tenanted building in the Nigel CBD, comprising retail and office space, will be offered during next week’s Commercial Multiple auction to be held on August 25

Absa buildingThe property is situated at 38 Hendrick Verwoerd Street, in a prime high exposure location.
The double storey property extends over a GLA of 1244m² and features Absa as its anchor tenant. The property offers an ATM hall on the corner of Hendrick Verwoerd and Lavers Streets, and the ground floor features 15 separate offices units, a passage, teller hall, communal kitchen, bathrooms and a boardroom.  The first floor of the building includes 6 offices, kitchen, reception area and toilet. 
The property produces a gross annual income of R934, 091.00. The building is air-conditioned, and includes a covered parking facility at the rear of the building that is enclosed with a palisade fence. The property includes a walk in safe that is secured by a security door as well as a number of security systems including a CCTV system, secure glass partitioning at the tellers desks, secured glass on the front windows and a security entrance at the main entrance of the bank.
Comments Jonathan Aitken of Auction Alliance, “This is a great opportunity for an investor who is looking to secure a property with an A Grade tenant”.
The auction takes place at 12pm on August 25 at the Hilton Hotel, 138 Rivonia Road Sandton.
For more information, contact Jonathan Aitken on Tel:  082 453 1119 or Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Last modified on Tuesday, 10 June 2014 10:43

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