The event will take place at Summer Place in Hyde Park and will start at 10:00 with the residential auction, followed by commercial at 12:00.
“The 8th of April Johannesburg event will feature 35 quality properties, which is indicative of what the demand in the market is like at the moment. Furthermore, we are seeing a true mix of property offerings ranging from commercial and industrial to mixed use and pure retail coming to the fore, indicating the market is ready for auctions in all sectors and is not only limited to distressed estates which have traditionally used the auction method to sell,” says Mark Kleynhans, managing director of Savile Row Auctions.
Some of the properties to feature on this auction include:
Commercial: Oxford Road and Smit Street Dunkeld
This prime piece of real estate is 3,834sqm and is situated a mere 100 metres from the Rosebank Gautrain Station.
The land has been zoned for Business 4 and all plans and approvals are in place for AAA-grade offices to be built. Once completed, this property will be ideal as a corporate head office.
The unique aspect of this property offering is that the auction is not only for the land on offer, but includes the plans, the building contract, schedule of finishes and bank guarantees.
The occupation date is scheduled for December 2010.
The advantage at this stage to a prospective buyer is that they will have input into determining the final specifications and finishes and will be able to customise the space internally to meet all needs.
Johannesburg CBD: This auction also has numerous CBD offerings which include:
147 Jeppe Street, Johannesburg CBD – With a GLA of 600sqm and projected annual income of R700k, this fully let high street retail property will appeal to the savvy investor.
77 Troye Street, Johannesburg CBD – the Pan Africa Building has a GLA of 7,500sqm. This property has very good redevelopment opportunities for the right buyer. Currently this building has an actual annual income of R2,2m.
253 Bree Street, Johannesburg CBD – this is a corner site with a 12-storey building that has a 70% occupancy rate and has an actual annual income of a staggering R2,5m.
Mabula General Dealer (Situated on the R516 between Bela-Bela and Thabazimbi)
The property is situated on the R516 Main Road between Bela-Bela and Thabazimbi, approximately 32km from Bela-Bela and adjacent to the Mabula Private Game Reserve, at the Diepdrift turnoff.
The Bela-Bela -Thabazimbi Road experiences a high volume of vehicular traffic, especially over weekends and holiday periods when large numbers of tourists and holiday makers visit the area.
The property comprises a various components, including:
- A filling station section with a roof canopy of approximately 60sqm and three fuel pumps.
- A 275sqm supermarket and bottle store.
- A 123sqm tavern (old residential dwelling).
- A 74sqm office building with thatch roof that was previously used as offices.
- A wooden structure on split poles that accommodates five rooms.
- Various steel structures currently used for accommodation purposes.
There is a 5-year lease attached to the general dealer and bottle store, fuel pumps, tavern and accommodation component of the property. The lease is now in its third year and the monthly rent is R32,500. However, should the purchaser wish, the lease can be cancelled.
Due to the immense size of this prime location, there is scope for further development. The property is an agricultural holding that is zoned accordingly. However, consent for business rights have been granted for retail purposes and the filling station.
Edgerton House – Olde World Guest House, 5 Egerton Road, Belgravia, Kimberley
This beautiful olde world guest house offers 13 en-suite rooms and has a 4-star grading from the tourism grading council of South Africa and as well as being SATOUR-accredited.
The main structure was built in 1901 and the still comprises of the original wooden floors, door frames and doors as well as original window frames and boasts a beautifully furnished lounge , a dining room which leads out to a covered patio by the sparkling swimming pool, kitchen, conference room, operations office and an idyllic tea garden. The guest house is decorated and furnished with antiques.
Situated only 4 km from the airport and approximately 3 to 4 km from the famous Kimberley Big Hole, its location offers easy access to the City centre and other attractions such as the famous century old halfway House historical pub, McGregor Museum and legendary William Humphrey art gallery. The popularity of this guest house is renowned and as such it has a high occupancy rate year round and is therefore able to show a good income stream.
For more information contact Savile Row Auctions on 011 268 0373.
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