Gauteng auction update

Posted On Wednesday, 07 December 2011 02:00 Published by eProp Commercial Property News
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This week's feature focuses on the East Rand and includes an update on a concluded industrial auction as well as a retail township investment opportunity

Property-Housing-ResidentialNews: Tenanted industrial business park in Boksburg is auctioned

A tenanted industrial business park in Boksburg, featuring established tenants and solid leases, secured a notable R27 million at last month’s multiple auction event. 

The property occupies a prominent location within the established industrial area of Boksburg East. The property covers the width of an entire block, and enjoys excellent access to and from a wide catchment area via most main and secondary routes including the Atlas Road offramp on the N12 highway. 

The property which has been upgraded over the past few years, hosts 18 industrial units, and extends over an approximate GLA of 13 000m². The sale effectively represents a rate of just over R2000/m2 

The units vary in size, and are achieving strong rental rates per m². The property has a projected gross annual income of R4.4 million, generated from solid long standing tenants.

Comments John Hislop of Auction Alliance, “The sale demonstrates the ability of the auction mechanism to identify investors from a wide buyer pool and profile, and match them with investment opportunities that they may not otherwise have been exposed to”.

For more information contact John Hislop on Tel: 083 265 6867 or Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Retail opportunity in the established township of Katlehong:

Kwa-Mashiya shopping centre is a retail property in Moleleki in the established township of Katlehong, on Johannesburg’s East Rand.

The site experiences good pedestrian traffic, and can be easily accessed by various primary and secondary roads with the most obvious being Sontonga Street, which runs through Katlehong.

The property is divided into two sections, with a northern section and a southern section divided by a loading area. Each section hosts two shop type areas with the northern section hosting a Church and Dry Cleaner, and the southern section a small supermarket and butchery. The building hosts various ablutions, kitchenettes and store/office areas.

Comments William Amerseder of Auction Alliance, “This is an opportunity for investors to acquire an affordable retail property with real value add potential”.

The auction takes place Jan 26 2012 at the Hilton Hotel, 138 Rivonia Road, Sandton

For more information contact William Amerseder on Tel: O83 272 4556 or Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Last modified on Saturday, 07 June 2014 13:01
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