Savvy property investors will soon line up to snap up commercial buildings that will hit the auction floors later this month in Johannesburg.
In the Johannesburg CBD, a prime retail heritage site measuring 1 305 square metres with a land extent of 250 square metres is up for grabs. The triple storey building’s main entrance is located opposite the Carlton Centre at the Von Wielligh Street and Commissioner Street intersection.
Auction Alliance will on 26 January hold a multiple commercial property auction and will be auctioning an entire, multi storey building, in Doornfontein.
The property is situated at 5 Davies Street in Doornfontein is illegally occupied and presents an ideal residential conversion opportunity.
It is within reach of various primary and secondary roads feeding from the M1 and M2 freeways and its immediate area is characterised by predominately retail, industrial and residential properties.
The property extends over a GLA of 1 616 square metres and comprises a six storey building with five of the floors similar in configuration and the top floor having additions for a caretaker and lift shaft.
Michael Sacks of Auction Alliance says a lot of investors have been buying property in this area because Doornfontein is centrally positioned within Johannesburg’s inner city precinct.
In the Johannesburg CBD, a prime retail heritage site measuring 1 305 square metres with a land extent of 250 square metres is up for grabs.
The triple storey building’s main entrance is located opposite the Carlton Centre at the Von Wielligh Street and Commissioner Street intersection.
Auction Alliance says this commercial area is a hub of retail, industrial and residential buildings and offers high foot traffic.
The retail portion of the building on the ground floor hosts seven tenants and offers additional rooms and storage areas. The upper two floors, which host multiple rooms, are currently vacant and perfect for redevelopment.
Both properties will be auctioned on 26 January at 12pm at 17 Scott Street, Waverley.
In Fourways, north of Johannesburg, a commercial site will be auctioned on February 15 at the Hyatt Hotel in Rosebank.
Located on 21 Riverbend Road in Hoogland, Fourway, its neighbourhood is characterised by various commercial properties and residential suburbs.
In Fourways, north of Johannesburg, a commercial site will be auctioned on February 15 at the Hyatt Hotel in Rosebank.
The property includes three commercial mini-units hosting a work area, a shed area that spans approximately 630 square metres and an office complete with a separate kitchenette.
All modern amenities are located in the general area and the site enjoys prime location in-between Northgate and Fourways Shopping Centres making it ideal for light to medium industry, according to auction alliance.
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