Commercial investment opportunities

Posted On Thursday, 13 October 2011 02:00 Published by eProp Commercial Property News
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Various commercial and business properties will be made available to investors and owner occupiers in both Cape Town and Johannesburg; featured here are a few examples.

Property-Housing-ResidentialSectional title commercial units in the Tygerberg Waterfront:

Representing a solid investment, five well maintained commercial sectional title units in the Tygerberg Waterfront will be brought under the auctioneer’s gavel.

The water-facing property is situated at 4 Tygerfalls Boulevard, on the ground floor of a secure-mixed use complex called Falcon Crest, which offers scenic lakeside views. 

The property well-situated within walking distance of Tyger Valley Shopping Centre and Willowbridge Retail Centres as well as within close proximity to the various amenities available in the nearby business centres of Durbanville, Bellville and Ridgeworth.

The property, which comprises office and retail space, extends over an approximate GLA of 639m². The property also offers storage space as well as a total of 49 parking bays. The property is partially tenanted, and tenants include Fishgate Advertising, Netcore and Merlene Schouw.

Comments Jacques Coetzer of Auction Alliance, “Given the Tygerberg Waterfronts central and accessible location, commercial space is highly sought after amongst tenants, investors and owner-occupiers”.

The auction takes place at 12pm at the Crystal Towers Hotel & Spa, Century City.

Modern industrial building:

A modern industrial building in the established and sought after industrial node node of Paarden Eiland, will be auctioned on October 26, during Auction Alliance’s monthly multiple auction at the Crystal Towers Hotel and Spa in Century City.

The 3 storey property is situated at 21 Natal Street, and features double volume warehouse industrial space as well as office and showroom space.

The ground floor hosts double volume warehouse industrial space, whilst the first and second floors offer showroom and office space. The property extends over an approximate GLA of 2150m², and is accessible by means of a front entrance, as well as fully automated roller shutter doors.

The property has an operational lift in place, and includes onsite parking. The property is extremely high end and would suit distribution and showroom facilities for companies dealing in high end goods.

“The property is extremely high end, and its strategic location in the sought after industrial node of Paarden Eiland, makes it suited to companies dealing in quality goods”, says Ryan Joffe of Auction Alliance.
The auction takes place at 12pm at the Crystal Towers Hotel & Spa, Century City.

Three tenanted warehouse units in Westlake:

The 3 separate and tenanted warehouse units in Westlake include double volume units and are well situated at 8 Stibitz Street, adjacent to the Virgin Active Gym.

Extending over an approximate GLA of 673m², they have long term leases in place with the current tenants, the longest of which expires in 2016.

The property includes 14 parking bays. “The long term leases and good location of the property in an established and highly sought after node, makes it a first-rate investment opportunity”, says Ryan Joffe of Auction Alliance.

High exposure office and retail component in Woodstock:

A high exposure office and retail component along Victoria Road in the well-established commercial node of Woodstock, offering an excellent opportunity for the owner occupier, is scheduled to fall under the Auction Alliance hammer on October 26.

Situated at 66 Victoria Road, the property occupies a prominent location within Woodstock, and is easily accessible from the N1 and N2 Highways as well as the CBD.

The property, which extends over a GLA of 789m², hosts a street front shop and store rooms.

Comments Ryan Joffe of Auction Alliance, “The upcoming sale of this retail building, presents investors and owner occupiers with a prime redevelopment opportunity for conversion into smaller shops”.

The auction takes place at 12pm at the Crystal Towers Hotel & Spa, Century City

High exposure commercial building in Zonnebloem:

This well-situated 3 storey commercial building in Zonnebloem, situated in a high exposure position on the east city precinct, will be brought under the auctioneer’s gavel during the upcoming Commercial Multiple auction on October 26. The property will be sold on the basis of vacant occupation.

The property which is situated at 28 Sir Lowry Road, on the periphery of the CBD, extends over an approximate GLA of 980m².  The property, which has an operational lift in place, offers a 3 storey warehouse with street front retail space.

Along with the retail component, the ground floor hosts a reception area, office space, whilst the first and second floors feature warehouse space. Loading access is situated at the rear end of the property.

According to Gareth Currie of Auction Alliance, “Based on the high demand for commercial properties on the outskirts of the CBD, this property is an excellent investment opportunity for the owner occupier looking for quality space within close proximity to the City Bowl. The property is estimated to fetch between 4 and 5 million Rand”.

The auction takes place at 12pm at the Crystal Towers Hotel & Spa, Century City.

Fully let retail complex in Yeoville, Johannesburg: 

Presenting investors with a first- rate opportunity, this well-situated and fully let retail complex in Yeoville will be brought to auction on October 27 during Auction Alliance’s Commercial Multiple auction at the Hilton Hotel in Sandton.

The property is situated on the corner of the Saunders and Harrow Access Road, the main road leading from Berea to Johannesburg, and is easily accessible via main and secondary routes including Joe Slovo Drive. The property offers good access to the various amenities available in the nearby Johannesburg CBD, as well as the surrounding areas of Hillbrow and Doornfontein. 

The double storey property measures 1,972m², and produces a gross annual income of R838, 000. The property hosts 4 retail tenants on the ground floor, each shop has been fitted to suit tenant requirements. The upper level hosts a beer hall which includes a second bar service area, store rooms and thatch lapa.

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

Last modified on Monday, 09 June 2014 12:41

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