Strategically well positioned properties on auction in Meadowdale, Germiston

Posted On Sunday, 24 July 2016 17:08 Published by
Rate this item
(0 votes)

Among others on offer at Broll Auctions and Sales next auction at 12h00 on Tuesday 2 August 2016 at the Wanderers Club in Illovo, Johannesburg, are three prime located properties in Meadowdale in Germiston, Gauteng.

 Meadow_Property_on_Auction

“At the last two auctions we have experienced an increase in confirmations of transactions before or on auction days - the main reason being that sellers are becoming more realistic in terms of market-related expectations.

“As the economy becomes more constrained for multiple reasons, these opportunities will begin to surface. What may seem expensive and a difficult decision to buy property in this economy - it doesn’t take a lot for market sentiment and conditions to change and then for commercial property to find some real growth again. The buyers are still here, however they are investing their money wisely and prudently.

“I firmly believe that it is never the wrong time to buy good properties. Over time properties always increase and it is the one asset that will always retain an inflation hedge. Our advantage is that we are well positioned and have direct access to the current property market to know what is being sold and what yields are being achieved.”

Among others on offer at Broll Auctions and Sales next auction at 12h00 on Tuesday 2 August 2016 at the Wanderers Club in Illovo, Johannesburg, are three prime located properties in Meadowdale in Germiston, Gauteng. Fully tenanted, these are listed fund disposals strategically well positioned with easy access to the N12, R24 and N3.

The first opportunity comprises two retail properties being sold together and consisting of an automotive retail property - Greenhills Centre, with a GLA of 1 913sqm, and Northreef, which comprises warehousing and offices with a GLA of 2 178sqm. With ample parking and a national anchor tenant, Supa Quick, this offers an ideal redevelopment opportunity for the investor with vision.

Also situated with convenient access to major routes, the second opportunity comprises offices and warehousing with a GLA of 13 705sqm in Meadowbrook Road.

Other properties which go under the hammer are located in prime hubs around the country and offer an interesting mix of investment properties with sound potential, including retail, office, industrial and residential accommodation, as well as a conversion opportunity and restaurant premises.

For further information contact Bradley Stephens, MD of Broll Auctions and Sales on 087 700 8269 or 082 443 7731 or email This email address is being protected from spambots. You need JavaScript enabled to view it..

Last modified on Wednesday, 20 September 2017 14:25

Most Popular

Kommetjie master plan development on the cards

Jul 11, 2020
Cape_Farm_1529_Preferred_Layout
A new mixed use development is being planned near the landmark Imhoff Farm in Kommetjie,…

Redefine Properties appoints Diane Radley to board of directors

Jul 21, 2020
Diane_Radley
JSE-listed diversified Real Estate Investment Trust Redefine Properties (JSE: RDF) has…

Will the repo rate hold or fall? Experts divided

Jul 13, 2020
South African Reserve Bank
Experts are divided on whether the South Africa Reserve Bank (SARB) Monetary Policy…

Commercial Rental Market Survey sees declining market activity and rising vacancy rates in Q2 2020

Jul 10, 2020
John_Loos_fnb
In this report, we discuss the 2nd quarter 2020 results of the rental market component of…

Lower house prices in the Western Cape behind renewed interest from first-home-buyers

Jul 16, 2020
Carl Coetzee CEO of BetterBond
Property in the Western Cape is regarded by many as among the most expensive in the…

Please publish modules in offcanvas position.