The first is multi-tenanted industrial premises with offices, situated in New Centre, Gauteng. The 7,946sqm site comprises five erven with a gross lettable area (GLA) of 6,033sqm. It consists of four sub-sections, each with its own entrance and parking. The property has been well-maintained and is located on a main arterial route to and from the M2 highway.
Current tenants, which all have industrial and office space, include Stanlic, a Bidvest subsidiary, Jasper Manufacturing and M&M Hiring, both of which are long-term tenants. M&M Hiring is the largest tenant in terms of occupied space, and each tenant has a lease in place. Net annual income is R1,7m.
He says another property is an entire residential complex in Krugersdorp’s Rant-en-Dal comprising 109 fully-let units and a net monthly income is R350k.
The 24,929sqm site with a GLA of 11,424sqm is located in a well-established residential area on the West Rand. All necessary amenities such as retail, medical and educational are situated in close vicinity
.The complex itself boasts 109 residential units comprising 80 simplexes, 19 duplexes, 72 two-bedroom units and 35 three-bedroom units. There is one four-bedroom and one one-bedroom home and each unit has its own garage, with open parking for visitors.
The property is well-maintained and thanks to its face brick construction, upkeep is minimal. Other features are a communal pool area, children’s playground, club house and guarded access control.
Other properties coming under the auction hammer on the day include:
- Well-located A-grade offices and a warehouse in Linbro Park, with a GLA of 1,804sqm.
- Eight fully-let mini warehouses in Anderbolt, with long-standing tenants, easy access to the N12 and a net annual income of R475k.
- A residential conversion in Judith’s Paarl, zoned for eight units and with ample parking.
- A 600sqm fitment centre and offices with a blue-chip long-lease tenant in Midrand.
- A top game farm in the Waterberg, which has abundant game. The property includes a hunting lodge and abbatoir on 1,495 hectares.
- An exclusive day spa in Cedar Square, Fourways.
- There are two guesthouses in Westdene, Benoni, which are extremely well-located opposite the Benoni Lake Club. The 3-star property offers 14 bedrooms and a conferencing centre.
- A country hotel in Magoebaskloof with 15 colonial double suites. The six hectare property boasts a picturesque house, conferencing facilities, a bar and two dining rooms.
The auction will be held at 12:00 at the Inanda Club, Forrest Road, Inanda.
For more information contact Aucor’s call centre on 0861 28 28 46 or click here to visit the website.
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