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Strong industrial offering at upcoming auction event

Posted On Thursday, 14 July 2011 02:00 Published by
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40 properties come under the hammer in biggest commercial and residential property auction by The High St Auction Co since launching in 2010.

Property-Housing-ResidentialSome of the properties that will feature on the auction include:

26 & 28 Murray Street, Brits

Located within the North West Province between the mountains of the Magaliesberg and the Witwaterberg, the town of Brits is part of the Local Municipality of Madibeng. Madibeng was established in 2000 through the integration of previous Municipal Administrations and Councils.

The area features an overabundance of magnificent surroundings and natural resources such as dams, rivers, beautiful hills, and landscape which makes the tourism, agriculture and manufacturing sectors very viable. The current population of Madibeng is approximately 420 000 and the Madibeng Local Municipality has a total of 31 wards.

This prime retail outlet is zoned for general business and has Edgars as a tenant. Edgars have been trading from this store for approximately 35 years.

Situated in the heart of the Brits CBD along Murray Avenue, a main double lane which runs through the heart of the CBD, there is heavy foot traffic in this area due to the high number of retail outlets as well as complimentary stores in the surrounds such as Mr Price, Miladys, Fashion Express, and the banks (FNB, Nedbank and ABSA).

The building originally consisted of two stores which have been combined. There are a number of small drywall offices, a goods receiving area and ablutions. The store has excellent security with roller shutter gates fitted on the outside of the store.

485 Gerrit Maritz Road, Pretoria North

This modern building is located on Gerrit Maritz Road in Pretoria North and is zoned for Business 2. The land extent on this property is 1276m2.

Gerrit Maritz Road is one of the main arterials in Pretoria North and enjoys great exposure as well as high traffic volumes. The property has excellent accessibility with secondary routes from other main roads such as Rachel De Beer Street.

Properties in the area are mainly commercial and retail style properties of medium to high standards. 485 Gerrit Marritz Road consists of a ground floor retail offering with four upper levels of B grade office space.

The office space is accessible from the ground level via a security entrance and a working elevator that services the four upper levels. The office space comprises of different size offices with ablution facilities. The property provides secure basement parking from Gerrit Maritz Road and provides for 29 parking bays.

The ground floor retail area is split into two sections and is fully let to Midas and New Life Worship (Church). The upper levels currently house the government department of Public Works and whilst this lease is in place until 2014, a letter intent has already been issued by the department regarding the renewal going forward. The annual escalation on this rental comes into effect in September of this year. The total lettable area of this property is approximately 2,100m2.

1 Masjien Street, Strijdompark
Zoned for Industrial 1 with a land extent measuring 4679m2 and a GLA of  approximately 2000m2, 1 Masjien Street is situated just off Fabriek Street in the industrial node of Strijdompark. This area consists mainly of light industrial facilities, workshops and small industrial units.

There is also a strong presence of motor trade and related services. Strijdompark is popular because of its ideal location in the North and easy access to the freeway via the Malibongwe Drive off ramp.

This property features a combination of offices, workshops and air conditioned offices with sensor alarm system.

There are two vehicle access points from Masjien Street which lead to the paved central yard and 20 shade net parking bays. Improvements have been well maintained and are in good condition.

At the end of July, the current tenant, Barloworld Coachworks are relocating to other premises and the property will be sold with vacant occupation. The property also features a Cell C aerial mast which generates income for the property.

Last modified on Wednesday, 11 June 2014 10:38
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