Prime commercial properties on Auction in Middelburg

Posted On Sunday, 10 March 2013 19:50 Published by Commercial Property Auctions
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Aucor Property has today announced that 2 prime commercial property sites in Middelburg will come under the hammer at the company’s March 12 Auction Event. The auction takes place at the Park Hyatt Hotel and will begin at 12h00

Aucor Property AuctionsWilliam Amerseder, Broker at Aucor Property comments, “Situated just 90 minutes east of Johannesburg and Pretoria, Middelburg is a fast growing town situated in the heart of Mpumalanga. The area has a strong emphasis on mining, manufacturing and agriculture. Middelburg is well known as the Stainless Steel Capital of Africa as it is home to a large stainless steel plant named Columbus Stainless. Recent developments in the area include a 42000m² shopping centre and a new industrial node has been developed to sustain demands in the area. In addition to this, the town is situated conveniently close to one of the main routes to Nelspruit and the Lowveld region.”

Two well located properties will come under the hammer on the day and include:

Middcity, 5 OR Tambo Street, Middelburg is located in the Middelburg CBD and is zoned for Business 1 with a total erf size of 1832m2 and GLA of 1934m2. This double storey building with ample parking facilities offers interested parties a combination of retail space on the ground floor and vacant offices on the 1st floor.  The ground floor has 4 distinct retail areas and is home to African Bank, Prime Cure, Bridge Loans, Simply Shoes and a Nedbank ATM. The office space on the 1st floor features an entrance hall, kitchen, bathrooms and offices. When fully let this property has a projected nett income of R1.6 million per annum.  This is the banking node of Middelburg and boasts particularly high foot traffic. Tenants in the neighboring buildings are Standard Bank, Capitec Bank and Nedbank.

Nashua House, 14 Sadc Street, Middelburg is situated off two main arterials that run through the city centre. This property is directly opposite the main taxi rank. Zoned for Business 4, this double storey face brick building is well maintained and modern. The ground floor features a reception area, showroom, offices, washrooms and an ancillary workshop area whilst the 1st floor features a combination of open plan office space,  training and meeting rooms, executive offices and a boardroom with an entertainment area encompassing a bar and braai facility.  The building offers good security with a built in alarm system and is fully fenced and gated. There are 28 parking bays. The building GLA is 1603m2.

Amerseder concludes, “Both properties are prime in terms of location and offering and we have had a great deal of interest from both buyers in the area as well as investors from out of town looking to break into the Middelburg market.”

For more information on these properties, please contact William Amerseder on 083 272 4556 or visit the Aucor website at www.aucor.com 

Last modified on Sunday, 09 June 2013 21:42

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