Savile Row Auctions will be holding its next Johannesburg auction on the 26 November at Summer Place in Hyde Park.
The auction will commence at 10h00 with the residential property portfolio, which will then be followed by the commercial auction at 12h00.
Mark Kleynhans, Managing Director of Savile Row Auctions says, "As we kick off the planning for our last auction for 2009, we are pleased to be able to bring a strong commercial property portfolio to the market. Amongst the 18 properties that we have on offer, we have secured six investment properties from an institutional seller. This particular portfolio presents multiple upsides for potential investors."
Commercial properties that will feature include:
Cnr 6th Road and 7th Avenue, Springs – This well designed building is located in the Springs Central Business District and has easy access to all major routes. The building is surrounded by properties that have government tenants. It has a lettable area of 1722sqm. The property has Business 3 zoning and has a communal entrance with excellent security facilities in place. Secured onsite parking is available.
20 Attie Fourie Street, Vanderbijlpark – With 1589sqm of prime retail and office space, this mixed-use building has an anticipated gross income of R950k. The property is located in the heart of the bustling CBD of Vanderbijlpark, just off the main arterials that connect the CBD to the surrounding suburbs. The building is low maintenance due to the concrete facade.
Cnr Monument and Voortrekker Streets, Kempton Park – Directly accessed from the R21 highway offering an ideal location next to OR Tambo International Airport, this 1678sqm building is centrally located in the banking district of the CBD of Kempton Park. The property has high street retail offerings as well as offices with parking onsite for tenants. This property is mainly vacant and therefore offers excellent upside for investors.
51 Burger Street, Krugersdorp – The property is of Cape Dutch architecture and is 930sqm, with Business 3 zoning in place. Conveniently located within the banking district of the CBD, the property is vacant but has an anticipated income of R400k per annum. Ideal for a legal or accounting firm's head office.
Cnr Botha and Paul Kruger Streets, Witbank – Located in the busiest part of the old Witbank precinct, this property boasts 2298sqm of mixed-use comprising of both retail and office space. The building is located across the road from the taxi rank and bus station and is next door to the SARS office of Witbank. It has an anticipated income of R1,5m per annum.
83 Cranbourne Avenue, Benoni – This is a Cape Dutch architecture building, with a fully let retail component offering upside potential on rentals. The office section of the building has vacancies that can be filled by an owner, occupier or investor. The anticipated income is R193k per annum.
For more information contact Kleynhans on 083 225 6995 or click here to visit the website.
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