Gauteng auction round up

Posted On Wednesday, 30 November 2011 02:00 Published by eProp Commercial Property News
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Auction news and opportunities from Gauteng and surrounds

Property-Housing-ResidentialNews: High exposure offices in Waverley secure R12.3 million:

During Auction Alliance’s November multiple auction event in Johannesburg, a prominently situated office property in Waverley, offering a first-rate redevelopment opportunity, fetched R12.3 million on the fall of the hammer.

The double storey property is situated at 35 Scott Street, and occupies a prime location along the M1 Highway, between the Athol Oaklands and Corlett Drive on and off ramps. The property is situated opposite Melrose Arch, and hosts an onsite billboard to take advantage of the excellent exposure to the M1 Highway, as well as a cell phone tower, both of which generate additional revenue.

The property has a gross lettable area of 1,585m², and hosts an office and factory/warehouse building, with additional mezzanine offices. The property has Business 4 Zoning, with a bulk of 0.6.
In terms of the new Melrose precinct, town planners have confirmed that the property will qualify for Business 1, with a bulk of 2.1, thus making it an ideal redevelopment opportunity.

Comments Warren Aronson of Auction Alliance, “With properties in the sought after Melrose precinct rarely entering the market, this is a great redevelopment opportunity that has the best of both worlds in terms of zoning potential and highway exposure”.

 

Excellent redevelopment opportunity in Pretoria:

This centrally situated commercial property is located in the established commercial node of Sunnyside, on the outskirts of the Pretoria CBD. The property will be sold on the basis of vacant occupation and offers an excellent redevelopment opportunity.

The property is prominently situated at 36 Jeppe Street, a main road with easy access, and is surrounded by numerous commercial properties which include the newly renovated Sunny Park Mall, Holiday Inn Express, Department of Trade & Industry and the head office of the South African Police Department. The property offers good access to the local amenities available in nearby suburbs and the Pretoria CBD including UNISA and the Pretoria University Campus.

It extends over an approximate GLA of 1,306m², and hosts two individual buildings, namely a restaurant and an office building that was formerly a residential dwelling. The property is currently utilised as a restaurant and entertainment facility.

Comments Pieter Nel of Auction Alliance, “The superb location of the property within one of the busiest trading nodes in South Africa makes it an ideal redevelopment opportunity that lends itself to a number of possible uses”.

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

For more information contact Pieter Nel on Tel: 084 880 0165 or Email: This email address is being protected from spambots. You need JavaScript enabled to view it.


Prime redevelopment opportunity in Germiston:


A 11,445m² commercial building in the Germiston CBD, offers a prime redevelopment opportunity.

The property is prominently situated on the corner of President, Knox and Meyer Streets, and forms part of an older, established commercial node. President Street is one of the main thoroughfares leading from Primrose through the CBD to the Lambton/ Wadeville areas. The property is easily accessible via the M2 and N12 highways via a number of off-ramps, and is located within close proximity to a number of amenities and services including a number of municipal buildings and the Germiston Police Station.

The property is effectively made of three individual components. The smallest hosts a single storey building that is utilised as a church. The property is located on the corner of President and Knox Streets, and extends over an approximate GLA of 445m².

The second property includes 6 sectional title units that are situated along President Street, and form part of the sectional scheme known as President Towers.

The largest of the three buildings is a multi-level commercial building that features lots of parking, and offers an excellent redevelopment opportunity.

Comments Gareth Botha, “This is an outstanding opportunity for developers to acquire a prime redevelopment opportunity. The shape of the building allows for simple redevelopment, and could easily be converted into much needed residential accommodation”.

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

For more information contact Gareth Botha on Tel: 083 288 7778 or Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

First-rate retail opportunity in the Malelane CBD:

A prime retail and residential property in the Malelane CBD.

The property is situated on the corner of Rutanda Circle and Lorenco Street in the Malelane CBD, and enjoys good exposure due to the high levels of traffic experienced by both arterials.  The property’s central location within the Malelane CBD, places it within close proximity to a range of amenities and services, and easy access is provided by means of major and secondary routes including the N4 Highway.

The property extends over an approximate GLA of 959m². The ground floor comprises a large double-volume banking hall, five offices, two strong rooms, kitchen, a vault and 3 garages. The first floor houses a separate residential dwelling, and the second floor hosts male and female ablutions facilities, a strong room, and an office and conference room.

Although part of the subject property, the dwelling is seen as a distinct separate entity with its own parking and point of access.

Comments William Amerseder of Auction Alliance, “This is an opportunity for investors to acquire a prominent retail property in a high growth location”.

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

For more information contact William Amerseder on Tel: 083 272 4556 or Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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