Joburg Gauteng multi property commercial auction round up

Posted On Wednesday, 23 November 2011 02:00 Published by eProp Commercial Property News
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Various industrial office and retail property investment and owner occupier opportunites are on offer, as well as a significant development project.

Property-Housing-ResidentialTenanted industrial park:

A tenanted and strategically situated industrial park in the established industrial and commercial node of Halfway House, will be brought under the auctioneer’s gavel.

The property, representing a high yielding investment opportunity, is prominently situated at 87 New Road, within the Grand Central Precinct, directly adjacent to Midrand’s Grand Central Airport. The site is virtually located midway between Johannesburg and Pretoria, and is easily accessible via a number of primary and secondary roads including Old Pretoria Road (R101) and the N1 Freeway (New Road on/off ramp).

The property is in an excellent condition, and hosts a rectangular building that has been divided into 10 units. The property extends over an approximate GLA of 5033m², and produces a gross annual income of R2.6 million. In addition, the property hosts a guard house at the entrance with access boom gates, electric fencing and covered parking for 49 vehicles.  The park has 6 tenants, many of which have been there for several years.

Each unit hosts a double storey office area, double volume workshop with roller shutter doors, kitchenette, ablutions in both the office and workshop areas, and separate electricity and water metres.
Comments John Hislop of Auction Alliance, “This is an excellent opportunity for a savvy investor to purchase a functional, well-situated and income yielding asset”.

The auction takes place 8 December at 12pm at the Hilton Hotel, 138 Rivonia Road Sandton.

Multi-tenanted offices in Ferndale: 

VVM Plaza, represents a multi-tenanted and prominently situated office property in the established commercial node of Ferndale.

The 5 storey property is prominently situated at 272 Pretoria Avenue, right near Multichoice, at the fork with Bram Fischer Drive. The property is easily accessible via various main and secondary routes including Bram Fischer Drive, Jan Smuts Avenue, Hill Street, Republic Road and Malibongwe Drive.

The property extends over an approximate GLA of 6,144m², and hosts two office buildings which are joined by a central lift/stairwell and reception area, as well as 2 basement parking areas that include approximately 350 parking bays.  Tenants include BNB Sure, Debtsource and Van Der Venter Mojapelo Inc. 

Comments Michael Sacks of Auction Alliance, “This is an excellent opportunity for investors to secure a prime commercial property in a highly sought after commercial node”

The auction takes place 8 December at 12pm at the Hilton Hotel, 138 Rivonia Road Sandton.

Retail property in Helikon Park:

Representing an excellent entry level opportunity investment opportunity, this well-situated retail property is located in the established residential suburb of Helikon Park, Randfontein.

The property is situated on the corner of Korhaan Road and Kingfisher Drive, and offers efficient access to a range of amenities available in both Helikon Park and Randfontein. Its corner position affords it with good exposure to passing traffic.

The single storey centre hosts a variety of line shops, and tenants include Pizza Perfect and the Post Office. The property produces a gross annual income of R210, 000, plus some vacancies and extends over a GLA of approximately 600m².

Comments Warren Aronson of Auction Alliance, “This property possesses good potential and presents investors with a solid, income generating entry level investment opportunity”.

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

Large industrial facility in Roodepoort: 

Well suited to owner occupiers, this large industrial property in the established industrial node of Manufacta, Roodepoort, comprises both workshop and office space.

The property is well- situated on the corner of Nywerheid and Einde Streets, and enjoys good exposure to traffic coming from the western suburbs toward Main Reef Road. The property is easily accessible from Ontdekkers and Main Reef Road, which are the main routes servicing the area.

The property extends over an approximate GLA of 8,704m², and hosts a 3 storey office block, a smaller single storey office building and a larger workshop that is divided into 4 sections. The workshops are equipped with various overhead gantry cranes for between 3 to 15 tons.

Comments Warren Aronson of Auction Alliance, “This is an opportunity for owner occupiers to acquire quality factory and office space in a well-established industrial node”.

The auction takes place 8 December at 12pm at the Hilton Hotel, 138 Rivonia Road Sandton.

Exceptional development opportunity in Springs:

Approximately 2211 of the remaining serviced, partially serviced and un-serviced stands in Hlanganani Village Development in Sharon Park, Springs, are on offer.

Included in the auction are 24 incomplete housing units that are partially serviced, 148 fully serviced stands, 157 partially serviced stands, 3 un-serviced stands and 1879 opportunities on proclaimed but un-serviced vacant land.

All other land portions and infrastructure, including internal roads, servitudes, guard houses, stormwater drains, electrical reticulation, designated parks and school areas will be included in the sale.

48 unserviced stands, each extending over approximately 500m², will be sold as a separate lot at the auction.

Comments Michele Antelme of Auction Alliance, “This is an exciting development opportunity in an area where there is an extremely high demand for affordable property”.
The auction takes place 8 December at 12pm at the Hilton Hotel, 138 Rivonia Road, Sandton.

Last modified on Monday, 09 June 2014 09:37

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