Educational facility sold for record R17 million

Posted On Tuesday, 27 July 2010 02:00 Published by eProp Commercial Property News
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Auction Alliance’s July auctions shown that well situated properties are still attracting strong demand, with the Johannesburg auction seeing a well planned and purposely designed education facility in Centurion sell for R17.25 million.

Property-Housing-ResidentialThe property is situated on the eastern side of Charles De Gaulle Crescent in Pretoria and has a gross building area of 2 646m2.

This includes numerous attached and detached single and double-storey buildings that provide administration offices, air-conditioned lecture rooms, male and female ablution facilities, canteen, library and staff accommodation. 

There is also a detached single-storey sound room fitted with wall-to-floor carpeting and a reinforced concrete roof.
 
Other improvements include a swimming pool, volleyball court, netball and basketball facilities, 16 carports, two wheelchair parking bays and an open car park. The property is enclosed with electric fencing and the buildings are fitted with an alarm system.
 
Commented Sean Parsons of Auction Alliance, “The majority of the property is open for development, making the site a promising investment opportunity for owner-occupation or redevelopment''.

Last modified on Wednesday, 18 June 2014 10:09

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