First-rate commercial property in Krugersdorp CBD

Posted On Wednesday, 17 August 2011 02:00 Published by eProp Commercial Property News
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A prominently situated and strongly tenanted commercial property in the Krugersdorp CBD, comprising retail and office space, will be brought under the Auction Alliance hammer next week, during the upcoming Commercial Multiple auction on August 25.

Property-Housing-ResidentialThe property is situated on the corner of Human and Market Streets, in a well-established part of the Krugersdorp CBD. The property occupies a high exposure location, and enjoys excellent exposure from both Human and Market Streets. 

The property is easily accessible via main and secondary routes including Commissioner Street and offers good access to the various amenities available in the surrounding area. 
 
The triple storey property extends over a GLA of 2800m², and features a retail component on the ground floor, and office space on the upper floors. The property produces an approximate gross annual income of R 1,453,988.20. The ground floor area includes a number of different sized shops, most of which have been customized for own use.

The first and second floors include various sized offices, as well as ablution facilities. The upper floors are accessible by means of a central staircase as well as a fire escape staircase, and can be easily converted into residential units. Tenants include Fozia Cellular, Stanley Printers, Finbond and Krugersdorp Glass Works.
 
Comments Andreas Greeff of Auction Alliance, “July’s auction results show that investor demand for well-situated commercial properties with strong tenants continues to accelerate on auction floors countrywide, and we anticipate this trend to persist in coming months”.
 
The auction takes place at 12pm at the Hilton Hotel, 138 Rivonia Road Sandton.

Last modified on Tuesday, 10 June 2014 12:02

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