Aucor Property will host its March multiple-commercial auction on Thursday, 10 March at 12h00 at the Park Hyatt Hotel in Rosebank. The auction will feature 23 lots of commercial, industrial, retail and residential property which will come under the hammer on the day.
This industrial property in Clayville, Olifantsfontein, will be going on auction on 10 March at The Hyatt Hotel, 191 Oxford Road, Rosebank. Click here to view.This is according to John Hislop, business development executive for Aucor Property, who says the property auction sector remains robust in the face of a challenging global economic outlook, and buyers and sellers alike see the value and benefits of trading property on the auction floor.
Bringing R163 million of stock to the auction floor for this event reaffirms the confidence the market has in the property sector and the investment potential that property continues to deliver.
Hislop says one of the properties to feature on this auction is an industrial site that consists of corporate offices, workshops and vacant land, and was until recently home to civil engineering giant, Civcon.
“Centrally located on the popular R21 corridor between Pretoria, Midrand, Johannesburg and the East Rand in Clayville, the property is on the corner of Industry Street and Spanner Road and is easily accessible via a number of routes, including the Olifantsfontein Road off-ramp from the R21 and the N1 highways.
Spanning three erven with a total land extent of 17 567sqm, the property comprises various components, including a vacant section of land measuring 9 494sqm. In addition to this, there is a developed section which features corporate offices, a training centre, guardhouse, workshops, storage facilities and a staff building.
Hislop says the main office building is currently partly single story, partly double storey and has a basement section. The offices include air-conditioning units, power skirting and good quality fixtures. The ground floor hosts a reception area, boardroom, bathrooms, a combination of offices and open-plan office space, a small server room, strong room, kitchenette, first-aid room and a smoker’s courtyard.
The first floor features an additional boardroom, offices, bathrooms and an entertainment area with a bar, kitchen and covered braai patio.
The basement section comprises a mix of open-plan and cubicle offices, a kitchenette, server room and a large store room. There is a separate air-conditioned training centre and guardhouse building which features a large training room and bathroom facilities.
In addition to this, there is a store building which has twelve 6m by 3m stores, two workshops with an eave height of approximately 3.5m, a spray booth and wash-bay building, two open-sided sheds and a staff block with a kitchen, change area and toilets. There are 30 parking bays on site with a large yard area that has the potential to offer more parking if required.
Hislop says given the sprawling nature of the property and the fact that there is a well-appointed piece of vacant land, the property offers potential buyers excellent development opportunities with a further 13 500sqm being available for development over these 3 erven.
He says this would appeal to a client requiring a large yard and workshop facilities, or a buyer looking to develop a large warehouse facility for distribution purposes.
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