Aucor Property to Auction Income producing Bedforview block

Posted On Friday, 15 February 2013 17:32 Published by Commercial Property Auctions
Rate this item
(0 votes)

Amongst the diverse portfolio of properties to come under the hammer on the day is an income producing tenanted office building situated in the heart of Bedfordview 

Aucor Property AuctionsHot on the heels of its February auction, Aucor Property has announced that its March multiple property auction event will take place at the Park Hyatt Hotel on 12 March 2013 at 12h00. Amongst the diverse portfolio of properties to come under the hammer on the day is an income producing tenanted office building situated in the heart of Bedfordview with good access to the N3, N12 and R24 highways, close to OR Tambo International Airport and a short drive into the Johannesburg and Sandton CBD's.

John Hislop, Property Broker at Aucor comments, "This particular property would suit an investor looking to grow their investment portfolio with properties that are already well tenanted and income producing. This particular property has a long term lease with a blue chip tenant who has not only recently renewed their 5 year lease that is currently in place until 2016 but has a further renewal option for another 3 years. With an 8% escalation in place, prospective buyers will gain from the stability that this well negotiated lease offers."

Hislop continues, "This is prime commercial property that we are bringing to the market and based on current market research we have seen a strong demand for quality commercial space in what is fast becoming an economic hub in the East of Johannesburg. Located on the corner of Kings Road and Sandra Street, this property is zoned for Business 1 and has an erf size of 3965m2 and GLA of 2130m2."

The property features a double storey office block as well as a separate flat-let outbuilding. The stand alone building has good exposure on two arterial roads and is well secured with automated gates and electric fencing. The ground floor is well laid out and features a covered entrance area, main reception area, air-conditioned offices configured to the current tenant's requirements, bathrooms, a kitchenette and a central atrium. Further open plan office space and boardrooms occupy the 1st floor. In addition to this, an added benefit is that the outbuilding offers a covered generator space. The property has ample parking in a paved lot including 44 shaded bays and 19 open bays. The building is modern and the property is well maintained with no additional investment required into upgrades of any kind.

For more information on this property please contact John Hislop on 083 265 6867 or visit the Aucor website at www.aucor.com.

Last modified on Sunday, 09 June 2013 22:49

Most Popular

GMI Property Group adds a New Mall to its Stable: Bronkhorstspruit Mall

Jul 21, 2022
GMI Properties Group announces the development of the much-anticipated Bronkhorstspruit…

Equites Property Fund and Mabel conclude B-BBEE transaction

Jul 21, 2022
Andrea Taverna-Turisan
The JSE listed specialist logistics property fund, Equites, today officially announced…

The growing take-away and fast food, and food delivery, culture

Jul 20, 2022
Restaurant and Take-Aways data for May 2022
Restaurant and Take-Aways data for May 2022 points to “solid but slowing” growth in…

The rapidly rising cost of living is reflecting in residential rentals

Jul 21, 2022
TPN Graph-Rental Demand
Demand for residential rental properties saw some recovery in the first quarter of 2022…

Despite hike, interest rate remains below pre-Covid levels, says Dr Andrew Golding

Jul 21, 2022
Dr Andrew Golding
With the inflation outlook deteriorating since the previous Monetary Policy Committee…

Please publish modules in offcanvas position.