Cape commercial auction round up

Posted On Tuesday, 13 September 2011 02:00 Published by eProp Commercial Property News
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Various commercial, industrial and retail properties will be brought under the auctioneer’s gavel on September 27 during the upcoming Commercial Multiple auction in Century City

Gareth CurrieCommercial building in Belville:
 
The strategically positioned commercial building in Belville, featuring both office and retail space, is situated at 177 Voortrekker Road, and occupies a prime, high exposure location. It is easily accessible, and conveniently situated close to various local amenities such as well-known schools, the Middestad Mall and Ackerman Centre. 
 
The triple storey property comprises 2 sections, each of which features separate entrances off Voortrekker Road, and extends over an approximate GLA of 1771m². The property also features a street-front Absa tenanted ATM, and will, except for the ATM be sold on the basis of vacant occupation.
 
The first section is accessed from the left side of the building, and includes a reception area on the ground floor, open plan and private office space on the first floor, and a communal kitchen, 2 toilets, 2 safes and a bar with braai facilities on the second floor.
 
The second section is accessed from the right side of the building, and features a safe, kitchen, open-plan workspace, ablutions and inter-leading offices on the ground floor, and 2 private offices, server room, store room and large open-plan workspace on the first floor. The parking area is accessible via Bellevue Avenue, and offers a double garage and 8 shade net covered parking bays.
 
Comments Ryan Joffe of Auction Alliance, “The property’s facilities, size and prominent location, make it ideal as either a call centre or training college”.
 
The auction takes place at 12pm at the Crystal Towers Hotel & Spa, Century City.

Car Showroom and office space in Parow:
 
The wel positioned double storey property is conveniently situated at 99 Voortrekker Road, on the corner of Ryan and Voortrekker Roads. The property is situated within reach of a number of amenities including the Parow Station and Parow Municipality, and its convenient location affords it with easy access via the N1 Freeway.
 
The property is partially tenanted by Coalition Trading, who occupy the ground floor and outside parking area.  The ground floor features a car showroom, offices, reception area and ablution facilities, whilst the first floor includes an open plan entertainment area, kitchen and storage area. An open parking area is situated towards the rear of the building, and is enclosed by palisade fencing.
 
Comments Gareth Currie of Auction Alliance, “The upcoming sale of this property, provides investors with an excellent opportunity to get a foothold into the commercial market”.
 
The auction takes place at 12pm at the Crystal Towers Hotel and Spa, Century City.

Blue-chip tenanted retail unit in the Franschhoek CBD:
 
The blue-chip tenanted sectional title unit is located in Bijoux Square, a retail centre in the heart of the Franschhoek CBD.
 
The property is tenanted by The Diamond Worx, which falls under the Tourvest Group, and its prominent location at 58 Huguenot Road, affords it with excellent exposure in Franschhoek’s main commercial hub. Huguenot Street is an extension of the R45, and links with the R301 as well as the N1 Highway at Paarl and Stellenbosch.
 
The unit is situated on the ground floor of Bijoux Square, and enjoys excellent exposure due to its frontage onto the busy Huguenot Street. Bijoux Square is a double storey, mixed-use property comprising four street front shops, a store room, public ablution facilities and residential units. 

The unit has been furnished to accommodate Diamond Worx, and features premium finishes.  It also offers a small office area with glass walls, which is located towards the rear of the property. A 5 year lease agreement is currently in place which produces a gross annual income of R168, 000.00
 
Comments David Walker of Auction Alliance, “The property’s solid tenant and long term lease, make it a secure investment opportunity”.
 
The auction takes place at 12pm at the Crystal Towers Hotel & Spa, Century City.

18 units in Asla Business Park in Strand:
 
The 18 units in the newly built Asla industrial business park in Strand, will be sold together.
 
The property is well-situated at the end of a quiet cul-de-sac, in the newly built Asla Business Park, which is situated along the N2 Highway, and offers a combination of small industrial and retail units. The property is easily accessible, and is located within close proximity to a number of amenities within the surrounding area, including the Somerset West CBD and regional Somerset Mall.

The double storey property is partially occupied, and is in an excellent condition. It features 2 sectional title buildings, which include 10 and 8 sectional title units respectively. Each section features a small office with warehouse/workshop space on the ground floor, and a large office on the first floor.  Together, the units extend over a GLA of 3590m², and produce a gross annual income of R337, 500.
 
Comments Gareth Currie of Auction Alliance, “We have had a considerable amount of interest in this property, and anticipate that it will be sold below current building costs”.
 
The auction takes place at 12pm at the Crystal Towers Hotel & Spa, Century City.

Last modified on Tuesday, 10 June 2014 09:02
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