Prime Industrial building to be auctioned by Aucor Property

Posted On Tuesday, 25 February 2014 10:41 Published by eProp Commercial Property News
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Aucor Property's March 2014 auction set to take place on the 13th of March 2014 at the Maslow Hotel in Sandton has an impressive line-up of commercial, industrial and retail properties.

Meadowdale

Included in the R400 million worth of stock coming to be sold on the day is a fully tenanted industrial and showroom complex located in Meadowdale, Johannesburg.

Sean Parsons, Business Development Executive for Aucor Property comments, "The north eastern area of Johannesburg remains a popular established industrial hub as more blue chip business' are looking to settle into the area with the demand for quality space at a premium.

With good access to the both the R24 and R21 highways, Meadowvale is an area that remains in demand and this is supported by the fact that many properties, including 21 Herman Road, are fully tenanted.

21 Herman Road is a well-planned and multi-faceted offering that has a variety of facilities which would appeal to owner operators and investors alike.

The property is zoned for Industrial 3 and has a projected gross rental income of R3.8 million per annum. The property which has excellent highway exposure features a main 3 storey office building and showroom as well as a rear warehouse.

The ground floor of this building consists of a showroom and reception area with facilities including bathrooms and a kitchenette.

The 1st floor is configured to open plan and executive offices with supporting amenities and the 2nd floor area has additional showroom facilities, storage and an exterior side security room.

The high ceilinged rear warehouse features 3 equipped flame-proof rooms with extractors and louvre's, a concrete mezzanine level that has office space and a 1st storey staff room with ablution facilities.

Furthermore, there are additional buildings on the property housing multi-use showrooms and offices, workshops and stores as well as a separate paint shop area, which houses an extraction equipped spray booth that has a Diesel baking facility, offices and stores.

These buildings are all double-storey and are currently tenanted. The property also features a fire-proof store which is a stand-alone building near the south-western corner of the property and is fire-proof with associated extractor & louvre features.

The property is well secured with electric fencing and 2 motorised gates. There is ample paved parking with 27 marked parking bays. There are 3 partitioned yard areas of which 2 are paved and have panhandle access.

Parsons concludes, "We have already seen significant interest in this property as property investors and business owners recognise the prime position and multi offering and benefits of this property but see the value of owning property in this node."

Last modified on Thursday, 29 May 2014 17:04

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