Gauteng auction line up

Posted On Wednesday, 05 October 2011 02:00 Published by eProp Commercial Property News
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Included in the next multiple auction line up is a hotel, industrial facility and mixed use property.

John HislopProtea Hotel in the Pretoria CBD:

This 3 Star Protea Hotel in the Pretoria CBD is considered a first-rate investment opportunity. 

The four storey hotel occupies a prominent, high exposure location on the corner of Van Der Walt and Visagie Streets, which both experience high traffic volumes, and is easily accessible via main and secondary routes including the R21 and N14 Highways.

The property is currently leased by Hotel Boulevard Pty Ltd trading as Protea Hotel Capital, who has a lease in place until February 2018. The building, which extends over a GLA of 1260m², hosts a reception area, a 100 seater restaurant with a lounge and bar area, 117 rooms, 5 conference rooms, pool area, kitchen, housekeeping area, staff block, receiving area, offices and store rooms.

The property features a generator onsite, as well as ample parking in the form of 10 shade net bays, and 32 open bays.

“The current market is providing investors with unrivalled value, and affording them with the opportunity to acquire quality hospitality real estate properties at highly competitive prices”, says Andreas Greeff of Auction Alliance.

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

Industrial property in Amalgam:

This vacant industrial factory in Amalgam, Johannesburg, is considered ideal for an owner occupier.

Situated at 36 Lathe Street, the property falls within the established industrial suburb of Amalgam, and lies within five kilometres of the Johannesburg CBD. The property enjoys access via main arterial routes, namely the M2 East Motorway, Main Reef Road and Main Road, and is within close reach of the amenities available in the surrounding suburbs and nearby city centre. Three railway stations are situated within 3km of the property, including Langlaagte, Grosvenor and Mayfair.

The Industrial 3 zoned property hosts a double story building comprising of multiple offices, a warehouse area, storage rooms, a reception area, ablutions and a kitchen. A secure perimeter ensures safe off street parking for a number of vehicles.

“This centrally located property allows for easy access to the surrounding suburbs and offers proximity to the labour force. It is ideal for light to medium industry”, remarks Sean Parsons of Auction Alliance.

The auction takes place at 12pm, on October 27, at the Hilton Hotel, 138 Rivonia Road, Sandton

Prime business opportunity in the Johannesburg CBD:

Offering both office and retail space, this prominently situated commercial property in Marshallstown in the Johannesburg CBD, will be sold on the basis of vacant occupation.

The 4 storey property is situated on a busy commercial strip, on the corner of Frederick and Loveday Streets, and enjoys excellent exposure from passing vehicle and pedestrian traffic. The property spreads across the width of the block, with the main entrance on Frederick Street, and forms part of the well-known bank city which is home to Nedbank, ABSA and Standard Bank.

The building extends over an approximate GBA of 2,020m², and includes a fully enclosed parking area, that is accessible by means of a sliding gate. The ground floor hosts a reception area for the offices above, as well as a secure delivery area and fully fitted restaurant, which features a seating area, fully fitted kitchen including extractor fans and a cold room, and ablution facilities.

The upper floors of the building include multiple partitioned offices of various sizes, which can easily be altered to suit tenant requirements, and each floor also includes kitchen and ablution facilities.

Comments John Hislop of Auction Alliance, “The property’s prominent, high exposure location, makes the restaurant area on the ground floor ideal for a national franchise. The office space on the upper floors is suited to a corporate occupier, or each of the floors can be let individually”.

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

Last modified on Monday, 09 June 2014 13:56

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