Absa occupied offices in Gezina to fall under the hammer

Posted On Tuesday, 26 July 2011 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

Prominently situated, Absa occupied offices in Gezina, are set to fall under the Auction Alliance hammer during the upcoming Commercial Multiple auction to be held on August 25

Property-Housing-ResidentialThe property is situated in a prime, high exposure position on the corner of Ben Swart and Voortrekker Roads. The property has excellent access to main arterial routes including the N1 Highway, and its immediate vicinity can be characterised by an established commercial strip.

The property extends over a GLA of 2116m², and features ample parking. Between April 2011 and March 2012, the property is projected to produce a gross annual income of R2, 429,098.

Comments Andreas Greeff of Auction Alliance, “Based on recent auction results, blue-chip tenanted properties in prime locations continue to be in high demand amongst investors. Furthermore, the property’s prominent location in the heart of Gezina’s commercial node, heightens it’s appeal as an excellent investment opportunity”.

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

Last modified on Wednesday, 11 June 2014 08:57

Most Popular

Residential sectional title sales again on the rise

May 27, 2021
Andrew_Golding_Golding_PropertyGroup
Over the past 15 years, the sectional title market in South Africa has become entrenched…

Ongoing property market uncertainty makes the right finance partner key to extracting value

May 26, 2021
Claire Denny
Results from the listed property sector in 2020 showed property values reducing by an…

Pick n Pay and Fortress co-invest in a super distribution centre development

May 26, 2021
Fortress_Pick_n_Pay
Fortress REIT announced that their biggest logistics development to date was signed with…

Exemplar REITail declares final dividend of 49.07 cps and announces 100% distribution

May 25, 2021
Mall of Thembisa
Rural and township retail specialists, Exemplar REITail, have declared a final dividend…

East Rand Mall will soon deliver the first phase of its major taxi rank upgrade

May 26, 2021
Phase 1 upgrade to the taxi rank at EastRand Mall
The first-phase upgrade of East Rand Mall taxi rank in the retail heart of Boksburg,…

Please publish modules in offcanvas position.