Showroom opportunity

Posted On Monday, 26 March 2007 02:00 Published by eProp Commercial Property News
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Evidence of the calibre of properties that Auction Alliance attracts to its monthly commercial renaissance multiple auctions is the Furniture City showroom in Randpark Extension 4.

 

Auction AllianceThe property will feature at the group's auction on April 25 at the Southern Sun Hotel, Grayston Drive, Sandton.

It has a triple net lease in place, expiring in February next year, and earns a monthly income of R90,859.

"Zoned special, perhaps one of the greatest attributes of this site is that it has the rights in place to develop a further 4940m? of bulk," said Auction Alliance's Helen Ward.

Constructed from facebrick, the property consists of a 1200m? lower-ground storage area with access via a 3,5m roller-shutter door, together with an open-plan showroom of 1200m?.

"Located on Republic Road ... the site provides an opportunity for investors requiring a showroom with high visibility to add to their property portfolios," Ward said.

Last modified on Thursday, 12 June 2014 15:34

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