Seven premier commercial and retail properties in Gauteng, worth around R50-million, are to be auctioned later this month.
They include two buildings in Joburg, one on the corner of Loveday and Bree streets linked by a pedestrian skywalk to a second building, on Plein Street.
Six of the properties up for sale are fully let, with the tenants on longterm leases, said James Dall of Aucors property division. This is a unique situation for investors and a truly low-risk opportunity to purchase property in the commercial market.
Other properties include an office block in Rivonia, fully let until 2008, a Caltex filling station close to the N4 highway in Pretoria and a furniture retailer in Brakpan, currently being refurbished.
The properties can be viewed by appointment with auctioneers Aucor. The event takes place on August 18 at the Inanda Club in Sandton.
Sunday Times
Publisher: Sunday Times
Source: Sunday Times
