Commercial investment opportunity in Strand

Posted On Wednesday, 17 August 2011 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

A fully let, commercial sectional title unit, comprising office space, a gym and storage space, will be brought to auction during this month’s Commercial Multiple auction to be held on August 2.

Jacques CoetzerThe sectional title unit which will be auctioned, comprises 2 sections, namely sections 2 and 3, and includes office space, a gym and storage space. The property extends over a GLA of 895m², occupies the entire first floor of the sectional title scheme known as SS Metropole Plaza. The property produces a gross annual income of R698, 000.
 
The gym and offices feature separate entrances which are situated on opposite sides of the foyer.
 
The office accommodation includes 3 separate partitioned offices, which are occupied by different tenants.  All three offices share the main entrance and have common ablution facilities.  Tenants include, SAP Net, Pool Designs and Family Foundation.
 
The gym is tenanted by True Fitness, and includes a reception area, kitchen, his and her ablution facilities, offices and 3 separate training areas. Section 3, comprises 4m² of storage space.
 
Comments Jacques Coetzer of Auction Alliance, “July’s auction results show that investors are continuing to target prime, well-situated commercial assets, and this property is a leading example of the types of assets which are currently experiencing such high demand”.
 
The auction takes place at 12pm at the Crystal Towers Hotel & Spa, Century City.

Last modified on Tuesday, 10 June 2014 11:54

Most Popular

Accelerate appoints Derick van der Merwe as independent non-executive director

Jan 21, 2021
Derick_van_der_Merwe_Accelerate
JSE-listed Real Estate Investment Trust and 50% owner of Fourways Mall, Accelerate…

Where is the housing market headed in 2021? Dr Andrew Golding comments

Jan 19, 2021
Andrew_Golding_Golding_PropertyGroup
After the worst economic downturn in decades, further dampened by the recent tightening…

2021 - the year of the great reset

Jan 20, 2021
Yael_Geffen_LGSIR_CEO
Although the pandemic hasn’t yet abated as we had all hoped and 2021 looks to be more of…

Repo rate remains unchanged at 3.5%

Jan 21, 2021
Governor_Lesetja_Kganyago_SARB1
The Monetary Policy Committee has decided to keep the repo rate unchanged at 3.5% per…

Please publish modules in offcanvas position.