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Johannesburg commercial auction feature

Posted On Wednesday, 07 September 2011 02:00 Published by eProp Commercial Property News
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Various office assets located in Rivoni and the Johanesburg CBD will be brought under the auctioneer’s gavel during this month’s Commercial Multiple auction to be held on September 28.

Property-Housing-ResidentialTenanted A Grade office block on Rivonia Road:

Prominently situated on the busy Rivonia Road (777 Rivonia Road), the office is located within the mixed-use suburb of Edenburg. The property offers excellent frontage onto Rivonia Road, and as a result, enjoys high levels of exposure from passing traffic. 

It is easily accessible via various prime and secondary routes including 7th Avenue and Bowling Avenue, and its immediate area can be characterised by a numerous office, retail and residential properties.

The double storey property extends over an approximate GLA of 1752m², and hosts an entrance lobby, office space, meeting rooms, kitchenettes, ablutions, balconies and patio areas. The property is fully-air-conditioned, and boasts magnificent landscaped and fully-irrigated gardens. The property produces a gross annual income of R1, 627,845.00, and is currently leased by The Mmapho Group Pty Ltd, Pilates PH and Medispace Pty Ltd.

It is well secured, and fully enclosed by a combination of palisade fencing and walling.  The property includes sufficient parking and is accessible via a double boom gate on 7th Avenue.
 
Comments Daniel Treisman of Auction Alliance, “Based on recent auction results, investors are becoming increasingly attracted to the yields offered by tenanted office space in centrally situated commercial nodes”.

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

Well-situated office block in the Johannesburg CBD:

This prominently situated office building located on the corner of Biccard and Stiemans Streets will be sold on the base of vacant occupation.
 
The property occupies a high exposure location due to the large volumes of passing traffic within the Johannesburg CBD. The property is situated within close proximity to the Johannesburg Municipality, and its immediate vicinity can be characterised by a number of high rise residential flats, office blocks and street front retail stores

The 9 storey building features a beautiful façade, and hosts both retail and office space. The ground floor of the property hosts a reception area and a retail component, and the remaining floors are utilised as offices, training rooms and meeting rooms.  The property extends over an approximate GLA of 3000m², and hosts a double level basement with 23 parking bays. The current tenants have a long term lease in place.

Comments Gareth Botha of Auction Alliance, “The focus which has been placed on the transformation of Johannesburg’s inner city in recent years, has attracted significant investment to the area. This property’s excellent location makes it an ideal investment opportunity for the savvy investor”.

Landmark building in the Johannesburg CBD: 

The landmark Stuttafords building in the Johannesburg CBD offers a first- rate redevelopment opportunity.

Situated on the corner of Rissik and Pritchard Streets, the property occupies a prominent, high exposure location within the CBD. The property’s central location affords it with convenient access to all main arterials within the CBD.

The property is situated across the road from a busy retail centre which features JET and Edgars as anchor tenants, and within close proximity to a host of landmark buildings within the CBD including the Johannesburg High Court.

Stuttafords was established in Cape Town in 1857, and opened its first Johannesburg Store in 1893 on Pritchard Street, the retail core of Johannesburg at the time. The property was designed by Cape Town architect Charles Freeman, and property was, at 10 storeys tall, one of the first Skyscrapers in the Johannesburg CBD. 

The historic property features a beautiful façade, and offers a prime redevelopment opportunity, to develop 143 residential apartments. The property is anchor tenanted by McDonalds until 2019, and only a portion of the property is occupied, with the remainder currently vacant. The property extends over an approximate GLA of GLA 7, 787 m², and features ample parking.

Comments Gareth Botha of Auction Alliance, “Ideally situated within the heart of the Johannesburg CBD, this landmark property presents investors with the opportunity to acquire a prime redevelopment opportunity within an area that is currently attracting significant investor demand”.

Last modified on Tuesday, 10 June 2014 09:08

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