11 Jul 2012
The commercial auction event will start at 11am followed by the multiple residential portfolio.
Darren Winterstein, managing director of Aucor says their launch auction was strong and confirmed the research they did into the market, which shows confidence and an appetite for property auctions.
The demand for good quality properties at the right price should not be underestimated and we are pleased to bring a versatile offering to the market in July including 19 lots from a listed property fund which will headline the auction, he says.
The Atlas Road Banking Centre located at the corner of Atlas and Dunswart Road, Anderbolt in Boksburg, a double storey building which is zoned for Industrial 3 and has a GLA of 3 202 square metres will be auctioned.
The building has two principal banking tenants, ABSA and First National Bank, and with the retail facility consisting of three retail units located on the ground floor.
The offices are located on the first floor and the property has 77 parking bays for staff and customers.
Anderbolt is a well-established industrial node characterised by large industrial and warehouse type properties including Demag.
A single large triple storey building, 360 Pretoria Avenue Ferndale, located in the established office node of Ferndale, just north of the main Randburg CBD is one of the commercial properties to be sold at the fall of the hammer.
Ferndale is characterised by a mixture of large single tenanted office blocks and offices which are multi-tenanted.
The property is well positioned in terms of accessibility - the main arterial roads, Bram Fisher, Bond, and Republic Road are all within easy reach.
Ferndale is in close proximity to both the Sandton and Johannesburg CBD areas.
The building has a GLA of 4 185 square metres, features a central atrium and offers a mixture of large open plan offices and executive offices with associated boardrooms and presentation rooms.
Each floor has ablution and kitchen facilities and there is a cafe pause area on the ground floor.
The property was recently vacated and would be ideal for a single tenant, however, the building is versatile and could be let on a floor to floor basis if required.
Aucor says research done in the area shows that asking rentals are in the region of R50 to R70 per square metre per month for offices and R450 a bay for basement parking and R350 a bay for open parking per month.
Tanya Jovanovski, Rawson Auctions franchisee for the Western Cape says three Mossel Bay homes will come under the hammer.
The first of the properties offered is Montagu Manor, a magnificent early 20th Century home on a 400 square metre plot close to the centre of town.
Built in about 1900 by George Bendle, the building served originally as a general dealers’ premises for JC Bayman, who later sold it to LB Marx, a well-known Mossel Bay entrepreneur.
In the 1980s the building was completely restored and renovated and in the 1990s it took on a new lease of life as an upmarket Bed & Breakfast establishment.
Jovanovski says the property has all the features and fixtures that characterise the more attractive Victorian and Edwardian homes - high ceilings, Oregon pine floors, cast iron fireplaces and very thick walls.
The front balconies are spacious and suited to entertainment – and they are linked to a braai area at the back.
A unit on the lower street-fronting level is currently used as a hair salon, but could serve as a corner café or a bachelor flat as it has done in the past.
The 390 square metre home has five bedrooms, all en suite, three living rooms, two dining areas, a separate flat, a laundry and a garage.
The current owner has applied for sub-division so that the successful bidder at the auction could, if he so wished, probably sell off part of the home as a fully-equipped second home in its own right.
Rawson Auctions are expecting offers of R2.5 million.
The second property to be auctioned is a new apartment in the heart of Mossel Bay’s heritage area, which is destined to become a tourist focal point for the entire Garden Route.
It has three bedrooms, two bathrooms, open balconies, two family rooms, a covered patio, a braai room and two carports with parking for an additional two cars.
The security measures are particularly sophisticated and bids of around R1.9 million are expected, says Jovanovski.
The third and by far the grandest of the Mossel Bay area properties is Outeniquabosch Farm.
Located 10 km from Mossel Bay, the 130ha estate is surrounded by fynbos clad valleys and vineyards.
The main home is partly double storey, air conditioned and exceptionally luxurious.
It has some 600 square metres of floor area, four bedrooms, a swimming pool, entrance hall, family and living rooms, a braai area, a study and a separate self-contained flat as well as a state of the art water purification system for primary water use.
The arable land on the estate is fully irrigated with full rights and is able to draw water from the Klein Brak River.
Jovanovski says the farm would be ideal if the new owner did have an interest in wine growing and farming in general, and bidding will start at around R12 million.
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