The auction comes as a result of a corporate disposal and has attracted much interest due to not only the size of the property, but also the facilities it features and its position. The Property, currently belonging to an institutional seller, is regarded as a non-core asset.

The property, on an erf size of 9,991m², is situated at 3 Ingrid Street, Montague Gardens and features two inter-leading warehouses with various height distribution bays, a separate air conditioned office building, loading yard and secure parking area.

The warehouse buildings also offer very good lighting and have extraction fans in place. The property features good warehouse height and excellent dispatch and goods receiving bays.

Currently the property has a lease in place until the end of Dec 2013 with R281 000 per month income until then, thereafter the property will be vacant. The property is zoned 'General Industrial 1' and has 400 A of power on site.

Comments Mark Kleynhans of Aucor Property who will be taking the property to auction, ''This property is ideal for those in the distribution and logistics sector as it offers a great location with exceptional ease of access. Evidence of this can be seen by the presence of numerous distribution centres in the nearby area, such as those belonging to Makro, Chevron, Woolworths and Shoprite. This is also a good opportunity for potential owner occupiers to own their own property or it may suit an investor that could purchase and re-tenant the property. It is rare that a property of this size and quality comes onto the market for sale.''

The auction takes place on 25 July on site at 3 Ingrid Road, Montague Gardens at 12h00.

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