Commercial property and homes auctions

19 Nov 2012

On 22 November, Aucor Property will auction 39 lots of commercial, retail and residential properties valued at R220 million at the Hyatt Regency Hotel in Rosebank, Johannesburg at 12pm.

102 Long Street in the Cape Town CBD will be auctioned by Aucor Property on 22 November at the Hyatt Regency Hotel in Rosebank, Johannesburg at 12pm.

Some of the properties include a two storey building located on 102 Long Street in the Cape Town CBD.

The property measures 567 square metres and has a total GLA of 898 square metres.

Although zoned for general business, it also has a Grade 3b Heritage status which means that it may not be demolished.

The ground floor currently features a banking hall and various admin offices and vaults and the first floor offers two separate office areas each with its own entrance directly off Long Street.

A factory at the corners of New Goch, Barney and Raebor Roads in Benrose south-east of Johannesburg CBD will come under the hammer.

It measures 3 000 square metres with four storeys and is easily accessible from the M2 East Highway, Ruven Raod and Chilvers Road with Main Reef Road running through the suburb in a west to east direction.

An industrial property located on 230 Fox Street and corner End Street in Johannesburg will also be auctioned.

The property is made of four individual Erven with a total extent of 1 239 square metres all zoned for Industrial 1.

It has good visibility from the Joe Slovo Bridge, which offers good branding and signage possibilities for the new owner.

In Fish Hoek, a bachelor apartment measuring 35 square metres will be auctioned on 28 November by Rawson Auctions.

Currently the property has multiple tenants who are all on a month to month lease.

Aucor will auction a retail and office property located directly opposite the law courts and Department of Public Works in Port Elizabeth.

The four storey building features central air-conditioning, two lifts with storage facilities in the basements and vaults, while the upper floors are used as offices.

It has a total GLA of 3 538 square metres with three tenants occupying offices in the building currently.

Meanwhile, Rawson Auctions will auction the Apostolic Church located on 87/89 Anderson Street Goodwood in the Western Cape on 29 November at 12pm.

The church has a floor area of 301 square metres and can seat 330 people. 

It has its own lobby, vestry area, stage, kitchen and toilets. 

Tanya Jovanovski of the Rawson Auctions Western Cape franchisee says there is ample parking available at the church as a vacant 495 square metres.

Rawson Auctions will auction the Apostolic Church located on 87/89 Anderson Street Goodwood in the Western Cape on 29 November at 12pm.

Jovanovski says the vacant erf could be sold separately from the church or the two could form one package. 

Bids are expected from R900 000 and pre-auction offers will be reviewed.

On 28 November, an apartment in Wynberg will be auctioned at 12pm at Rawson Auctions’ new offices – 126 Main Road, Diep River.

The two bedroom apartment in the Egham Hof block behind Maynard Mall measures 76 square metres.

It commands a rental of R3 200 per month and it will be vacant on transfer.

Another great buy is a Capricorn Beach townhouse in Muizenberg in Cape Town to be auctioned on 22 November at 12pm on site.

The double storey townhouse measures 237 square metres with three bedrooms.

The eventual owners of the townhouse will have to pay a levy of R750 per month to the Home Owners Association as well as the usual rates, which in this case work out at about R450 per month, according to Rawson Auctions.

In Fish Hoek, a bachelor apartment measuring 35 square metres will be auctioned on 28 November.

Jovanovski says both residential and commercial rentals in some areas of Fish Hoek are escalating at over 7 percent per annum.

She says the Rebmore apartment rental return is R2 450 per month which equates to an almost 10 percent return and the current tenant is keen to stay on in the unit, if the property is bought as a buy-to-let investment.

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