Bidline property sale attracts top bids

Posted On Friday, 11 June 2010 02:00 Published by eProp Commercial Property News
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A block of 61 flats in Braamfontein and a shopping centre in Randburg were among the 'hot properties' offered at the Bidline property auction held in Fourways.


The block of flats on Leyds Street, Braamfontein, sold with vacant

Described as suitable for student accommodation, the building has a gross lettable area of 4000m²

Sternport retail centre on Rabie Street in Randburg, fully let with a gross lettable area of 900m², received a bid price of R5,15m.

Among the industrial lots that came under the hammer were two workshops and offices in Wadeville and three fully let workshops in Germiston.

The former lot, of 520m² and 774m², came with a five-ton crane. It fetched R4,8m, and the latter, with a gross lettable area of 840m² and an income of R160000 a year, fetched R850000.

In Germiston a residential block with three retail shops on Victoria Street was sold for R5m.

A number of commercial sites were on offer. For sale in Northgate was a 1,6ha proclaimed commercial site with all bulk services paid for. A top bid of R6m was received.

Hotly contested was an 8ha site on William Nicol Road in Diepsloot, suitable for a 32000m² retail complex, which was knocked down for R8,5m.

Ten consolidated erven of 1,8ha in Wychwood, with plans available for storage units, received a bid price of R6,25m. Two potential commercial or industrial sites in Brentwood Park of 4ha each fetched R1,9m and R1,4m. Kulani Mews in Vanderbijl Park, consisting of 15 two-bedroom units, attracted a hammer price of R375000 each.

Four offices and a boardroom of 308m² on an erf of 1412m² in the Centurion central business district fetched R1,6m.

Last modified on Wednesday, 18 June 2014 13:27

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