Joburg Gauteng auction highlights

Posted On Thursday, 09 February 2012 02:00 Published by eProp Commercial Property News
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Land banking and a prime node office opportunity are some of the key assets featuring in the next multiple commercial property auction in mid February

Property-Housing-ResidentialInvestment land parcel in platinum corridor:
 
This prime parcel of vacant land is locate within the fastest growing commercial node in Limpopo, Burgersfort.
 
Comprising of 78.732 Ha, this sizable plot is ideally located within the platinum corridor and will be sold with mineral rights attached. Adjoining the CBD of the expanding town of Burgersfort and bordering the Spek River, this high value land presents commercial, residential and development opportunities for the investor.
 
“Land banking is gaining popularity in the property market, as investors take advantage of the high value on offer. Vacant land is the first to react to conditions in the market and is currently presenting some excellent investment opportunities,” comments Pieter Nel from Auction Alliance.
 
The auction will take place on 15 February at 12h00 at the Hyatt Hotel, 191 Oxford Road in Rosebank.

Rosebank offices:

Representing a converted office property, located near the heart of Rosebank (35 Keyes Avenue), this asset enjoys a prime position approximately 700 meters from central Rosebank with easy accessibility via Jan Smuts Drive.
 
The building has been converted from a residential house into a boutique office block that hosts seven offices, a server room, kitchen, ablutions and an extended room that can be used as further office or secure storage space. In addition, a converted garage offers a satellite office area and domestic worker accommodation which includes a bathroom and kitchenette.

The property enjoys a secure electric fenced perimeter, and offers seven parking bays within the block and a further eight street-front paved parking bays.

“This investment is perfect for a boutique corporate office that requires a presence in one of Johannesburg’s fastest growing nodes” comments Gareth Botha from Auction Alliance.

The auction will take place on February 15 at the Hyatt Regency Hotel, 191 Oxford Street. 

High density apartment building:

This 201 roomed, residential building, located north of Pretoria CBD in the suburb of Gezina.

Situated at 274 Voortrekkers Road, the property hosts a four story residential building of 3916m² GLA, and an outbuilding with carport of 165m². The main building comprises of 201 single rooms of 10m² each with two communal bathrooms and laundry rooms offered on each floor. A dining room and kitchen with 2 walk-in fridges are located on the ground floor.

Each unit offers a basin, built in cupboards and refurbished parquet wooden flooring. The first 3 floors boast entertainment rooms that have the potential to be converted into a further 2 rooms per floor. In addition there is a serviced lift, 2 roof top water tanks and eight industrial geysers throughout the building. The outbuilding offers staff accommodation and includes 2 bathrooms and change-room facilities.

“Further expansion is possible, and this property has the potential to earn up to R4.3 million per year in rent” comments Andrea Greef from Auction Alliance.

The auction will take place on February 15 at the Hyatt Regency Hotel, 191 Oxford Street.

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