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Industrial property fetches R27m

09 Dec 2011

An established tenanted industrial business park in Boksburg East in Ekurhuleni in Gauteng was sold by Auction Alliance for R27 million recently.

An established tenanted industrial business park in Boksburg East in Ekurhuleni in Gauteng was sold by Auction Alliance for R27 million recently.

The property covers the width of an entire block with easy access to and from a wide catchment area via most main and secondary routes including the Atlas Road offramp on the N12 highway. 

It has 18 industrial units and extends over an approximate GLA of 13 000 square metres with a projected gross annual income of R4.4 million generated from solid long standing tenants.

Discerning property investors looking to buy residential property ought to get to the Auction Alliance auction on 17 December in Bantry Bay, Cape Town.

This home said to occupy the finest location along the Atlantic Seaboard is a five storey property with central indoor elevator, four en suite bedrooms, two guest suites, spacious living areas, multiple reception areas, wine cellar, entertainment verandahs and office.

This home said to occupy the finest location along the Atlantic Seaboard is a five storey property with central indoor elevator, four en suite bedrooms, two guest suites, spacious living areas, multiple reception areas, wine cellar, entertainment verandahs and office.

It has parking for eight vehicles and a further eight can park in the paved driveway, luxury fittings, automated temperature control, piped music and the latest in home automation. – Denise Mhlanga

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About the Author
Denise Mhlanga

Denise Mhlanga

Property journalist at property24.com

Property journalist at property24.com

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