Midrand property portfolio to go under the hammer

Posted On Thursday, 31 October 2013 12:26 Published by eProp Commercial Property News
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Two large Midrand properties belonging to a prominent property consortium will be taken to auction on Wednesday 20 November by Nexus Property Group.

Constantia Square, Midrand

The auction comes as the result of a restructuring of the property portfolio with the two commercial properties no longer forming part of the group's core assets. Both properties, situated in Constantia Square on 16th Road Midrand offer good income producing opportunities.

Building 1 Constantia Square extends over a GLA of 692m2 and is zoned general business. The building currently hosts four tenants and achieves a gross annual rental of R579 700.

Building 2 Constantia Square extends over a GLA of 748m2 and is also zoned general business. The building currently achieves a gross annual rental of R560 000 with the largest of the units having a lease in place until October 2016.

Comments Elias Tzouvanni of Nexus Property Group, '' The seller's expectations are realistic and offers value to either owner occupiers or investors."

Constantia Square Office Park is located in the heart of Midrand and is a low-riseoffice park set in a park like environment and is located less than 1km from the N1 offramp.

The auction will take place at the RadissonBlu Hotel, Sandton on Wednesday 20 November 2013 at 12:00.

Should you wish to receive more information about this property and the portfolio concerned, please contact Nexus Property Group on 021 418 3911, www.nexusproperty.co.za  or Elias Tzouvanni on 0761532352 or Greg Nafte 0834144474

Last modified on Thursday, 29 May 2014 17:05

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