Multi tenanted commercial property in Pretoria North for sale

Posted On Wednesday, 12 October 2011 02:00 Published by eProp Commercial Property News
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This sizeable property features a government lease and strong covenants.

Property-Housing-ResidentialDuring the upcoming multiple auction event on Wednesday 27 October, Station Square, a government tenanted commercial property comprising retail and office space as well as a service station, in Clarina, North Pretoria, will be brought under the auctioneer’s gavel.

It’s prominent location on Daan De Wet Nel Road, adjacent to the Winternest train station, affords it with excellent exposure from passing vehicle and pedestrian traffic, as well as with efficient access to main arterial routes such as the R80 and Pretoria CBD.
The asset produces a gross annual income of R11, 219,087.38, and tenants include the Department of Public Works, Sasol, Shoprite USave and the Metro Police.

The property which extends over an approximate GLA of 21,331m², hosts a Sasol Service Station and car wash area, as well as a 2 storey U-shaped building that offers various retail shops, a motor vehicle workshop and offices.

Loading areas are situated on the eastern and western ends of the building, and additional offices are situated on the north end of the property.

The property also hosts a Shoprite U-Save that is located adjacent to the Sasol Service Station. The property features ample parking.

“The property’s strategic location, attractive yields and strong covenants, makes it an excellent and secure investment proposition for potential investors”.

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

Last modified on Monday, 09 June 2014 12:48

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