Newlands portfolio to be auctioned

Posted On Tuesday, 16 July 2013 15:11 Published by Commercial Property Auctions
Rate this item
(0 votes)

Aucor Property has announced that it will be holding its next multiple Johannesburg Auction event on the 14th of August at the Park Hyatt Hotel at 12h00.

Commercial Property AuctionSean Parsons, Business Development Executive comments, “The team at Aucor Property has assembled a good mix of commercial, retail and residential properties for our August auction. Of particular note is a parcel of properties west of Johannesburg in the Newlands area. These properties are all located all on Main Road which is a major thoroughfare through the suburb. Main Road becomes Ontdekkers Road as it approaches the N1 Western bypass, linking Johannesburg to Roodepoort.”

Properties to come under the hammer on the day include:

Retail Centre, Corner 8th Street and Main Road, Newlands

This multi-purpose retail site has excellent levels of exposure due to its prime position on two very busy arterial roads in Newlands.  The property is zoned for Business 1 and has additional land at the rear of the stand. The site comprises of 6 erven totalling a generous 3187m2 in size. The retail component of the property is developed with 4 existing shops of which two are currently let. Each lettable area has its own meter for electricity and water. The centre offers ample off street parking.

105 Main Road, Cnr 13th Street, Newlands

105 Main Road features a double storey building that is zoned for business 1. Covering 3 erven, the property has a land extent of 992m2 and a GLA of 717m2. The ground floor is divided into 2 retail sections. The largest retail section has an office area, kitchenette, toilet and a store area. The second smaller retail section is a single room that is connected to a rear cottage building which has an additional bathroom and office space.  The first floor is currently used as a church and features a large hall with 2 toilets and a storage area. The floor also houses 2 x 2 bedroom flats that each have a bathroom and living area. Additionally the property has a tract of vacant land to the rear of the premises.

Car Lot, 117 Main Road, Cnr Oosthuizen Street, Newlands

This large corner stands spans 6 erven totalling 2504m2 and is zoned for Business 1. The property is well maintained and is used as a car sales lot featuring a yard which can accommodate up to 150 cars; a modern showroom ample office space, a reception area, store rooms and ablution facilities; 2 workshop sheds and staff accommodation on site. The parking lot area is paved and offers shade net parking.  The property is fully let to a single tenant with a lease in place until August 2015.

Parsons concludes, “With such prominent locations and stable tenants in place, all 3 properties in Newlands offer prospective buyers looking to get into the small to medium business market a solid investment in a well-established suburb.”

For more information on other properties for sale, please visit www.aucor.com.

Last modified on Thursday, 29 May 2014 17:13

Most Popular

GMI Property Group adds a New Mall to its Stable: Bronkhorstspruit Mall

Jul 21, 2022
GMI Properties Group announces the development of the much-anticipated Bronkhorstspruit…

Equites Property Fund and Mabel conclude B-BBEE transaction

Jul 21, 2022
Andrea Taverna-Turisan
The JSE listed specialist logistics property fund, Equites, today officially announced…

The growing take-away and fast food, and food delivery, culture

Jul 20, 2022
Restaurant and Take-Aways data for May 2022
Restaurant and Take-Aways data for May 2022 points to “solid but slowing” growth in…

Broad commercial property market softening expected due to ongoing and more rapid rate of interest rate hiking

Jul 21, 2022
Default Image
The still-bigger 75 basis point hike announced this afternoon, after the previous 125…

The rapidly rising cost of living is reflecting in residential rentals

Jul 21, 2022
TPN Graph-Rental Demand
Demand for residential rental properties saw some recovery in the first quarter of 2022…

Please publish modules in offcanvas position.