Joburg auction round up

Posted On Wednesday, 16 November 2011 02:00 Published by eProp Commercial Property News
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Various investor and or owner occupier commercial opportunites are avaliable at the next multi property auction in November and December.

Property-Housing-ResidentialAlrode industrial property:

Represnting an excellent owner occupier opportunity, this large industrial property is located in the established industrial node of Alrode.

Alrode is a major industrial area situated to the south of the Alberton CBD, and is home to a number of well-known companies including Marley, Sasol, Prominent Paints and Trident. The property is situated at 5 Beryllium Road, just off Potgieter Street, which is a main arterial extending through most of the area.

The property extends over a GBA of 3,500m², features excellent roof height, and hosts 2 warehouses, an office component, a large yard area, ample parking and various stores.

The first warehouse is situated on the western side of the property, and hosts a warehouse building with offices. The property is directly accessible from Beryllium Street through high roller shutters.

The second warehouse is situated on the eastern side of the property and is divided into two parts. The southern part hosts a 10 ton goods crane. Access to these buildings is through a secondary access gate on Beryllium Street.

The office component hosts a reception area, ablutions, kitchenette, offices, workshop, viewing room/board room and a strong room.

Further site improvements include stores at the south western boundary, dog yard on the north eastern boundary, guard house, shade net carports, gas store and electrical substation.
Comments Sean Parsons of Auction Alliance, “This is an ideal opportunity for owner occupiers seeking premium industrial space close to major arterial roads and amenities”.

The auction takes place Nov 23 at 12pm at the Hilton Hotel, 138 Rivonia Road, Sandton.

Fully-let mixed use property in Bellevue:

A fully let mixed use building in Bellevue is on offer.

Bellevue is located approximately 3km to the north east of the Johannesburg CBD, close to Yeoville. The property is situated at 12 Raymond Street, a busy road, and enjoys good exposure to passing vehicular and pedestrian traffic. It is easily accessible via a number of primary routes including Louis Botha Avenue and Bezuidenhout Street.

The property is currently let to multiple tenants, and hosts 8 shops and 8 residential units which are let on a monthly basis.  The property produces a gross monthly income of R26000.

Comments Sean Parsons of Auction Alliance, “The property’s high exposure location and solid returns make it a quality commercial offering”.

The auction takes place on November 23 at 12pm at the Hilton Hotel, 138 Rivonia Road Sandton.

Guest suites and parking lot directly opposite Ellis Park Stadium: 

Guest suites and a parking lot situated opposite to the Ellis Park Stadium, will be brought under the auctioneer’s gavel. The property will be sold on the basis of vacant occupation.

The main building is situated on the corner of Herb Street and South Park Lane, directly opposite the Ellis Park Stadium.  The property, which was formerly utilised for entertainment purposes, features a walk-over ramp that allows direct access to Ellis Park.

The property has potential for residential conversion, and has been sectionalised for the development of 31 residential units.

The 4 storey property extends over an approximate GLA of 2108m², and hosts a basement that includes 11 parking bays. The ground floor includes a small kitchenette, reception area and 7 suites. Each suite includes a bar of which a number have been customised.

The first floor offers 11 suites, the second floor offers 8 suites and the third floor offers 5 “penthouse” suites, all of which have thatch roofing.

The parking lot is situated a block away from the main property on the corner of Seventh Street and South Park Lane. The property is fully enclosed with pre-cast walling and palisade fencing, and can accommodate approximately 20 vehicles.

Comments Jonathan Aitken of Auction Alliance, “This is an exclusive opportunity for investors, developers and owner occupiers to acquire a property in an unbeatable location within the Ellis Park Precinct”.

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

Two retail buildings in the heart of the Johannesburg CBD:

The properties will be sold together as one lot as part of a corporate disposal.

The first property is a blue-chip tenanted retail and office building, and the second is an 18 storey retail and office tower featuring multiple tenants.

Both properties occupy a prominent location in a strong retail node within the Johannesburg CBD, and are easily accessible via various prime and secondary routes including the M1 and M2 Highways. The immediate area is bustling with pedestrians and road traffic, offering both properties with excellent exposure.

The first property is prominently situated on the corner of Eloff and President Streets, with the main entrance located on the corner. The 8 storey property extends over a GLA of 6 919m², and is fully tenanted by Truworths LTD, who has a long term lease in place until December 2015. The property is an excellent annuity income opportunity, and produces a gross annual income of R7, 054,000.00 April 2012 – March 2013).
 
The second building is well-situated on the corner of Eloff and Market Streets, and hosts 18 floors of office and retail space and features 3 basement parking floors with 194 parking units. The property features a lease with Truworths and Edgars until June 2016, and has no retail vacancies.

The property extends over a GLA of 13 378 m², and offers an ideal residential conversion opportunity. The property produces a gross annual income of R12, 883,000.00 April 2012 – March 2013), and offers a possible opportunity to renew an existing government... lease that expired in September 2011.  

Comments Gareth Botha of Auction Alliance, “The solid income, long term leases and exceptional CBD location of both properties, in the heart of the inner city’s retail core, makes them the buy of the year for the Johannesburg CBD”.

The auction takes place on December 8 at 12pm at the Hilton Hotel, 138 Rivonia Road, Sandton.

Last modified on Monday, 09 June 2014 10:46

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