Mixed use retail and residential building to be auctioned

Posted On Wednesday, 24 November 2010 02:00 Published by eProp Commercial Property News
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Auction Alliance will take Campbell Court, a mixed use retail and residential property located in Klerksdorp, to auction in December.

Property-Housing-ResidentialCampbell Court, a strong commercial property with a residential component in the heart of the Klerksdorp CBD, is situated on the corner of O.R Tambo Drive and Noord Street.

The property consists of 16 shops and 31 apartments, all fully let and in good condition.  The building offers a gross lettable area of about 2,765m² and enjoys a gross annual rental income of about R1 million. All tenants pay for their own electricity and water and electricity is billed with a pay as you go service. 

The property is positioned on O.R Tambo Road, one of the busiest roads in the CBD.

“This is a great investment with the economies of scale in terms of 47 individual tenants occupying the full block” comments Gareth Botha of Auction Alliance.

The auction takes place at 12pm on December 7 at the Southern Sun Hotel, Cnr Grayston and Rivonia Roads, Sandton.

Last modified on Thursday, 12 June 2014 12:38

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