Tenanted Randburg office block up for auction

Posted On Tuesday, 10 May 2011 02:00 Published by eProp Commercial Property News
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A well-tenanted office block, situated in the established commercial and residential node of Ferndale, is set to fall under the Auction Alliance hammer during its commercial Multiple Auction scheduled to be held on May 19

Property-Housing-ResidentialOne of Randburg’s busiest suburbs, Ferndale is centrally located within close proximity to the nearby Sandton CBD and easily accessible via main and secondary routes including Bram Fischer Drive, Jan Smuts Avenue, Republic Road and Malibongwe Drive.  The property is situated at 375 Surrey Street, on the corner of Surrey and Bond Streets, within the popular Bond Street Business Park. The property’s central location allows it easy access to the various amenities located in the immediate vicinity and surrounding suburbs.

The property is tenanted by Itec, with a 2 year corporate lease in place.  The double storey property extends over a GLA of 1,150m² and generates a gross annual income of +/- R1m. The property features a main reception area at the entrance. The ground floor component includes office work areas, canteen with built in bar area and covered patio, distribution area with a single roller shutter door loading dock, workshop area, his and hers ablution facilities, kitchen and separate workshop ablutions.

The first floor contains a strong room, his and hers ablution facilities, kitchen, open patio, boardroom and office work areas. Furthermore, various air conditioning units are found throughout the building, an effective alarm system is in place and ample parking is available in the form of 21 parking bays.

Comments Daniel Treisman of Auction Alliance, “Given recent auction results, investor interest in income-producing assets is on the rise, and as a result, this profit generating A-Grade office space, offers investors a rock-solid investment opportunity”

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

For further information contact Daniel Treisman on 0823399933 or email This email address is being protected from spambots. You need JavaScript enabled to view it.

Last modified on Monday, 09 June 2014 10:23

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