Commercial gems on offer

Posted On Wednesday, 21 September 2011 02:00 Published by eProp Commercial Property News
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The High St Auction Co has announced that its next property auction will be held on 5th of October 2011 at Summer Place in Hyde Park at 12h00 and will see 37 lots with a combined market value of R 237 000 000.00 come under the hammer on the day.

Property-Housing-ResidentialSome of the featured properties include:

121 Kerk Street, Rustenburg

121 Kerk Street in Rustenburg is zoned for Business 1 and is known as the Standard Bank Building. Kerk Street is in the bustling commercial node of the Rustenburg CBD and the foot traffic in the surrounds is extremely high due to the location as well as the presence of several multi-national tenants in the area.

Furthermore, the building has excellent exposure onto the busy Oliver Tambo Drive, which serves as the main arterial route through the Rustenburg CBD.  Retail traders in this area are known for their high turnover business. The main taxi rank is situated close to the property where commuters come into town to do their shopping. 

The Rustenburg municipality has upgraded the area surrounding the Standard Bank Building. This includes cleaning up the adjacent parking lot, re-painting of road signs and improving security. The Standard Bank Building has use of the free municipal parking lot next door which can accommodate up to 325 cars. 

Nick Pretorius, Director at the High St Auction Co comments, “The building is fully let with Standard Bank being the main tenant with a 7 year lease in place which expires in 2017.

Standard Bank has recently revamped the inside of their premises to cater for the large amount of clients using their facilities.  Furthermore, a 6 year lease which also expires in 2017 has been signed with the JD Group who have also completed a revamp of their premises for their Morkels Branch.”

Pretorius says, “With the current long term tenants in place and the ideal position of this building, 121 Kerk Street is an excellent opportunity for an investor looking to expand their portfolio in this rapidly developing town.”

305 President Street, Georgetown, Germiston

305 President Street, Georgetown is a double storey office building located in the heart of the Germiston city Centre.  The property is well located as it is situated on the corner of President, Joubert and Voortrekker Streets which provides excellent exposure on this main thoroughfare through the area.

The Golden Walk Shopping Centre is situated several blocks from this building. The building is also in close proximity to all amenities including the Germiston Civic Centre, the Germiston Traffic Department and Police Station. All major routes within the Ekurhuleni Metropolitan Municipality are within a 5km radius of the property and include the N3, N12, M1 and M2 Highways. Public transport facilities and main bus routes are situated nearby.

The building is on a stand of 801m² and has a GLA of 1457m² and is zoned for Business 2

Greer Brewer, Business Development Manager of the High St Auction Co comments, “This property would appeal to a small to medium owner/occupier who needs to be centrally based within the greater Ekuhuleni Metropolitan area. The easy access to main routes as well as excellent exposure make this property a huge asset to a small corporate concern.”

This modern and well maintained building offers versatility with a combination of enclosed office spaces as well as open plan areas.  The basement has 8 parking bays and the building offers good security with an armed response linked alarm system, shutter doors on the main entrances and burglar bars on all opening windows.

31 Voortrekker Road in Mogale City

31 Voortrekker Road in Mogale City (formerly known as Krugersdorp) is a 2 storey building measuring 1034m2 and is zoned Business 2.  The prominent position that the building has means that thousands of commuters pass by on a daily basis.

Mogale City is central to the economic hub of the west rand and due to the fact that Voortrekker Road is an extension of the major arterial, Ondekkers Road, the property is in close locality to West Gate shopping Centre, Key West shopping centre, Silverstar Casino and the Krugersdorp Golf Course.

Neels van Rensburg, Business Development Manager at The High St Auction Co comments, “Currently this property is being used as an Accredited International Firearm Training Academy Premises, but the building can easily be converted for different uses that may include commercial offices and warehouse facilities and although it is currently owner occupied it offers good rental potential with the area tendency for rate per square meter between R60m²-R85m².”

This modern 2 storey building consists of frontal offices, that includes a reception area, boardroom, 8 separate offices, 2 kitchens, 8 toilets, 3 fully equipped lecture halls (tables, chairs, white boards) valued at over R100 000.00 and a 3 fixed safes (2 walk in safes & 1 1.2m x 1.2m safe).

To the rear of the property are dual shooting ranges with offices, toilets and a store room.  These shooting ranges are high tech and state of the art ranges and accredited by numerous institutions and are stocked with all necessary range equipment. The property has total security, ample parking and an auto start up generator valued at over R120 000.00.

Last modified on Monday, 09 June 2014 17:25

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