Blue-chip tenanted industrial property to hit the auction floor

Posted On Tuesday, 26 July 2011 02:00 Published by eProp Commercial Property News
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A large Absa tenanted industrial property in the established industrial node of Lea Glen, Roodepoort, will be brought to auction during Auction Alliance’s upcoming Commercial Multiple auction to be held on August 25.

Property-Housing-ResidentialThe property forms part of a corporate disposal.

The property is situated at 3 Amanda Avenue, and the surrounding area can be characterised by various warehouses and industrial properties.

The property is easily accessible via Main Reef Road, as well as Maraisburg Road, which leads to the N1 Highway, and is situated within close proximity to a variety of facilities and services including the Flora Shopping Centre and Maraisburg Satellite Police Station.

The blue-chip tenanted property is leased until Jan 2015, and produces a gross annual income of R1, 140,435. The property extends over a GLA of 3,411m², and hosts a reception area, various offices and store rooms, kitchenette, strong room, changing area and his and hers ablution facilities.  In addition, the property offers 3 roller door entrances, with 2 facing Amanda Avenue, and the third accessible via a slipway on the northern boundary of the property.

Comments Warren Aronson of Auction Alliance, “This property provides investors with the opportunity of acquiring a solid, income producing commercial property, in one of Johannesburg’s most prominent industrial nodes”.

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

Last modified on Wednesday, 11 June 2014 09:08

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