Income-generating retail warehouse in Rustenburg up for auction

Posted On Tuesday, 22 February 2011 02:00 Published by eProp Commercial Property News
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Auction Alliance will bring a large property in Rustenburg to the auction floor on March 2.

Property-Housing-ResidentialThe property, situated in Rustenburg’s industrial node, lies within close proximity to a number of amenities and large businesses including Metro, S.A.B. and Holcim.

The property is accessible via the Rustenburg CBD which is, in turn, accessible via a number of off-ramps from the N4 highway.

Vacant land and a number of industrial entities surround the property and municipal facilities including tarred roads, water and sewerage are available.

The property is in good condition and comprises a triple volume, steel beam structure, which is good for stacking; its design allows for a large amount of natural light to flow through the building.

Additional features include two cold rooms, canteen, ablution facilities, large storage area, cashier’s office, strong room, tellers’ area and kiosk. A large, covered dispatch area fitted with roller-shutter doors is situated at the rear of the building, with internal lockable cages also in place.

Additional improvements include up to date fire equipment, a sprinkler system and a flammable liquid store. 

The property has an alarm system in place and is fully enclosed by wire fencing. Two paraffin pumps are located on the property, each fitted with a 23,000 litre tank and a diesel generator is located towards the rear of the building.

The layout of the property allows for easy maneuverability of heavy vehicles, the driveway is tarred and ample parking is available for customers. The current monthly rent is -+R167 000 and the GLA measures 5,256m².

Comments William Amerseder of Auction Alliance, “the property, which is being utilized as a bulk Metro Cash and Carry retail outlet, has generated a lot of interest due to its relatively long lease, which runs out in 2014. In addition its solid monthly income makes this an excellent investment opportunity.” 

The auction takes place at 12pm at the Hilton Hotel, 138 Rivonia Road Sandton. 

Last modified on Thursday, 12 June 2014 11:42

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