Shopping Centre going under the auction hammer

Posted On Wednesday, 30 October 2013 16:09 Published by eProp Commercial Property News
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Lichtenburg Shopping Centre is going under the hammer and features 20 retail shops with tenants such as Shoprite, Foschini, Markhams, Rage, Edgars, and American Swiss.

Lichtenburg Shopping CentreFinance Minister Pravin Gordhan relayed a clear message for the need to increase savings and investments in order to expand and diversify the economy, as economic growth is the only path to a sustainable and optimistic future.

“The projected increase in rail capacity, as outlined by the National Development Plan, will have a direct impact on commercial and industrial property demand and development within the new routes. In addition, the approved tax incentives on industrial development projects, will both support property and investment opportunities,” explains High Street Auctions Joint Managing Director, Lance Chalwin-Milton.

Government, investors and consumers are urged to minimise extravagant spending, save and invest wherever possible.

The High Street Auctions upcoming event is taking place on Tuesday 5 November and the following properties are receiving particular interest by potential buyers:

  • The Lichtenburg Shopping Centre is going under the hammer and features 20 retail shops with tenants such as Shoprite, Foschini, Markhams, Rage, Edgars, and American Swiss. The GLA is ±8400m2 with a projected gross annual income of approximately R 7.4 million. The centre is exceptionally well positioned in the heart of Lichtenburg and surrounded by an abundance of parking, major banks and the post office. Lichtenburg is in the North West Province.
  • Prospecta Centre in Linden Ext boasts both retail and office space. Ideally situated in Malibongwe Drive with easy access to Northcliff, Cresta, Randburg and Sandton. The well-maintained face-brick building is low maintenance, offers excellent exposure and secure parking. There is a Telkom Tower on the property with a lease until 2020, offering a guaranteed monthly income.
  • A superb multi-use office/home in the wealthy residential suburb of Bryanston will be on auction. The area is rich in high-end schools, malls, markets, restaurants and exciting activities, with easy access to the NI highway. The location offers beautiful tree-lined streets, as well as a growing business district. The stand is ±4000m2 with a ±500m2 building which currently comprises four offices, two boardrooms, reception area, kitchen, two bathrooms, a strong room, maid’s quarter, tennis court, pool and security.
  • Specialised cold storage and industrial kitchen facility available in Wadeville, Germiston. This plant has been designed for cold storage, manufacturing, processing and packaging of ready-made consumables. The entire inside of the building is one big cold room, with designated areas equipped for high, medium or low care levels. Germiston is a favoured industrial area within close proximity to several highways. Ideal investment for food and beverage business.
  • Immaculate warehouse and office in Corporate Park South, Midrand. A modern warehouse currently used as an office and for homeware storage. Midrand is an especially popular business node due to easy highway access. There has been a surge of residential and commercial development in this area.

Four sectional title units in the secure office block, Parkfield Court, in Hatfield Pretoria. Hatfield is a prime business hub in Pretoria, close to the Gautrain and surrounded by embassies, shopping centres and entertainment venues. The office units are immaculate, with nine under-cover parking bays each. Ideal offices for professions offering immediate occupation.  Units are up for auction individually or as one lot.

The auction on Tuesday 5 November begins at 12pm and takes place at Summer Place, 69 Melville Road, Hyde Park. Well-known auctioneer and Director of High Street Auctions, Joff van Reenen, will conduct the auction.

For more information on the upcoming auction as well as a list of featured properties contact Nick Pretorius on This email address is being protected from spambots. You need JavaScript enabled to view it. or 082 669 7738 or visit www.highstreetauctions.com  

Last modified on Thursday, 29 May 2014 17:06

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