South African property buyers and investors will be spoilt for choice at property auctions coming soon in Johannesburg, KwaZulu-Natal and Cape Town.
Situated at the corner of Eloff and President Streets, the first 8 storey property extends over a GLA of 6 919 square metres and is fully tenanted by Truworths LTD, with a long term lease in place until December 2015. It offers annuity income opportunity, and produces a gross annual income of R7 054 000.00 April 2012 to March 2013).
On 8 December at the Hilton Hotel in Sandton, Johannesburg, Auction Alliance will bring two prime retail buildings in the heart of Johannesburg CBD under the hammer.
The first property is a blue-chip tenanted retail and office building and the second is an 18-storey retail and office tower featuring multiple tenants.
Both properties are well-located in a strong retail node and are easily accessible via various prime and secondary routes including the M1 and M2 Highways.
Situated at the corner of Eloff and President Streets, the first 8-storey property extends over a GLA of 6 919 square metres and is fully tenanted by Truworths LTD, with a long term lease in place until December 2015.
It offers annuity income opportunity, and produces a gross annual income of R7 054 000.00 (April 2012 to March 2013).
The second building on the corner of Eloff and Market Streets features 18 floors of office and retail space, three basement parking floors with 194 parking units leased to Truworths and Edgars until June 2016 and has no retail vacancies.
It measures 13 378 square metres offering an ideal residential conversion opportunity with gross annual income of R12 883 000 (April 2012 to March 2013) and offers a possible opportunity to renew an existing government lease that expired in September 2011.
Gareth Botha of Auction Alliance says the solid income, long-term leases and exceptional CBD location of both properties in the inner city’s retail core makes them the buy of the year for the Johannesburg CBD.
Wine connoisseurs and entrepreneurs wanting to invest in liquid assets will be happy to know that the Eaglevlei Wine Farm, a boutique wine farm in Stellenbosch will be auctioned.
A tenanted industrial park in the established industrial and commercial node of Halfway House in Midrand will also be auctioned.
The property is situated at 87 New Road within the Grand Central Precinct adjacent to Midrand’s Grand Central Airport.
It is virtually located midway between Johannesburg and Pretoria and is easily accessible via a number of primary and secondary roads including Old Pretoria Road (R101) and the N1 Freeway (New Road on/off ramp).
The property is in good condition and the building has been divided into 10 units.
It extends over an approximate GLA of 5 033 square metres and produces a gross annual income of R2.6 million.
The property has a guard house at the entrance with access boom gates, electric fencing and covered parking for 49 vehicles. The park has six tenants, many of which have been there for several years.
Each unit hosts a double storey office area, double volume workshop with roller shutter doors, kitchenette, ablutions in both the office and workshop areas, and separate electricity and water metres.
A tenanted industrial park in the established industrial and commercial node of Halfway House in Midrand will also be auctioned.
Wine connoisseurs and entrepreneurs wanting to invest in liquid assets will be happy to know that the Eaglevlei Wine Farm, a boutique wine farm in Stellenbosch will be auctioned.
The farm will be sold as a going concern on 6 December at the Crystal Towers Hotel and Spa in Century City, Cape Town.
The property is in the Stellenbosch Wine Region, 35 kilometres from the Cape Town CBD.
It has first-rate infrastructure and includes a 100 ton cellar, restaurant with fully equipped kitchen, art gallery, wine lounge, wine tasting venue, office building, and two residential loft apartments of which one has been converted into conference space.
It is set on 8.06ha under vines and includes Pinotage, Merlot and Cabernet Sauvignon.
At the fall of the hammer on 8 December, the Plumstead Main Road freestanding building in the southern suburb of Plumstead in Cape Town will be sold.
Rawson Auctions say the building has been successful for some 20 years functioning as a business head quarters with offices and a workshop.
The building was originally developed as a home but has in the last two decades had an open plan office and reception area with three semi-separate office spaces.
At the fall of the hammer on 8 December, the Plumstead Main Road freestanding building in the southern suburb of Plumstead in Cape Town will be sold. Opening bids for this property are expected to be around R2 million.
On the upper floor is another open plan office area which can take six desks.
Thirteen people altogether have in recent years worked from this complex and a separate ground floor workshop can also serve as office space and there is parking for six cars on the site.
Tanya Jovanovski, Rawson Auctions franchisee for the Western Cape says the building would suit a medical partnership or a professional firm such as accountants.
The current owner is leaving to take up bigger premises and the property, and she believes it will attract a rental of R16 000 per month.
With Cape commercial rentals now showing new life and with Plumstead increasingly an 'in' area, this could be a very good buy, she says.
Opening bids for this property are expected to be around R2 million.
If you fancy a retirement home, holiday home getaway or investment at Shelly Beach on the KwaZulu-Natal South Coast, hurry along to the auction on 19 December.
Six residential units at Shelly Beach Garden Villas 786 Marine Drive, Shelly Beach will be sold at the fall of the hammer and viewing will be on Sunday 18 December from 11am to 3pm.
The units, range in size from 96 square metres to 171 square metres. Karen Dreyer from Park Village Auctions Durban says the units will appeal to both locals and upcountry visitors enjoying their year-end break in the area.
Six residential units at Shelly Beach Garden Villas 786 Marine Drive, Shelly Beach will be sold at the fall of the hammer and viewing will be will be on Sunday 18 December 18 from 11am to 3pm.
The complex has a well maintained pool next to Shelly Beach Caravan Park, within walking distance of the beach, restaurants and the Shelly Beach centre.
She adds that the property market in the area is soft right now and the units will be offered at auction prices.
“This is a real opportunity for bidders to capitalise on conditions and acquire an asset at below normal market value, but with considerable potential for later appreciation,” says Dreyer. –Denise Mhlanga
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