Houghton office block with development potential

Posted On Tuesday, 07 September 2010 02:00 Published by eProp Commercial Property News
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Auction Alliance takes redevelopment opportunity, with existing “A” grade office building, signage rights and income, to auction in September

Property-Housing-ResidentialLocated at 53 Central Street, Houghton Estate, Johannesburg, the property comprises a double storey office block, with a basement office and storage facilities.

 It has 38 shaded parking bays and a large garden, which comprises half of the property and leaves 3,810m² open for development.
 
The property backs onto the M1 Highway. Included in the sale are signage rights for a billboard which benefits from the highway exposure and provides the property with additional income.

The property is fully paved with sufficient parking; there is also a guard house with access control plus electric fencing all round.
 
The site has a total size of 4,750m², with a gross lettable building area of 940m².
 
The auction takes place on September 15 at 12pm at The Southern Sun Hotel, Grayston Drive, Sandton. 

Last modified on Thursday, 12 June 2014 15:47

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