Prime block of flats in the inner city to fall under the auctioneer’s gavel

Posted On Wednesday, 20 July 2011 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

A fully let block of flats, offering both retail and residential accommodation, within the suburb of Fairview, on the outskirts of the Johannesburg CBD, will be brought to auction on Tuesday July 26, during Auction Alliance’s monthly Commercial Multiple auction.

Property-Housing-ResidentialThe property is situated at 40 Siemert Street, New Doornfontein, in a high exposure position, and is easily accessible via Heidelburg Road and the M2 Highway, from the Joe Slovo off-ramp.

The property is situated within reach of a variety of amenities including Park Central Shopping Centre and Small Street Mall, and its immediate area can be characterised by predominately retail, industrial and residential properties.

The property extends over a GLA of 800m², and comprises a 2 storey building with a mezzanine level that hosts an office. The property is currently being utilised as a car repair shop, and has a 3 ton crane at the rear of the building, that takes vehicles up to the second floor. 

The second floor is currently being utilised as a workshop, and can store up to 15 vehicles.  In addition, the property features 3 roller shutter doors, and has ablutions, changing rooms and showers on both the first and second floors.

Comments Daniel Treisman of Auction Alliance, “Due to New Doornfontein’s central position within Johannesburg’s inner city precinct, it has emerged as an up-and-coming industrial area with a large number of investors acquiring property in the area.

Furthermore, the facilities and easily accessible location offered by this property make it an excellent acquisition for potential owner occupiers”.

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

Last modified on Wednesday, 11 June 2014 09:13

Please publish modules in offcanvas position.