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Mass property auction 11/11

19 Oct 2010

The High St Auction Co has will hold its launch auction on Thursday 11 of November at Summer Place in Hyde Park featuring a range of commercial, industrial and retail offerings from around the country.  

Properties to be auctioned include:

The Atrium Cnr of 7th Avenue & Rustenburg Road, Melville

The Atrium is located on the corner of 7th Avenue and Rustenburg Road in Melville and comprises a 3 storey office block. The property consists of 4928sqm of good quality A Grade office space. The office space is sub-divisible to suit multiple tenants. There is a large atrium located in the centre of the building with internal balconies. A fully equipped canteen and eating area is also present. The building is fully air-conditioned. One of the most notable features is the 3 levels of basement parking totalling170 bays. There is a BP service station located on thelower ground floor of the mainbuilding for which a monthly rentalof R90,000 is received. The property is zoned for business 1 and is ideal for an owner occupier

Ex Game Retail Centre, Erf 3029 Nelspruit Ext 7

This retail property is in close proximity to the Nelspruit CBD and is located on the R40 with access from Brown Street and Citrus Crescent. Located opposite 'The Crossing Centre' which houses a Superspar and adjacent to Pick n Pay, Virgin Active and Timber City, this retail centre is located in the hub of the retail node in Nelspruit. The property is ideal for a large retail group seeking a site which can provide high pedestrian and vehicle traffic. Zoned for retail, this 2 storey well-maintained building has an erf size of 6736sqm and a GLA of 5600sqm with ample parking both on site and in the adjacent lot.

Unit 419, Greenhills Industrial Estate Hamburg Road, Aeroport

Greenhills Industrial Estate is strategically positioned in a prominent area between the N12 and the R24 motorways on the East Rand. Greenhills Industrial Estate is a secure industrial estate that offers fantastic accessibility to both the international airport and the surrounding prominent business and industrial nodes. The building is considered to be highly lettable and is zoned for industrial use. This property would be ideal for a company’s head office.

The property consists of a large office component as well as a micro industrial facility. It houses ample office space and meeting rooms, a common area and canteen, lavatories and a 300kg goods lift.  The property can be graded as A++ for industrial space. The total size of the building is 2200sqm and has 24 parking bays.

12 Harries Street Marshalltown Johannesburg

12 Harries StreetMarshalltownis situated in Johannesburg CBD, in an older mixed-use node to the southern periphery of the CBD. The property enjoys good exposure and visibility as is located Just off Eloff Street, which is a busy arterial leading in to the CBD and the nearby M2 freeway. Surrounding properties include various upgraded high-rise office buildings as well as retail outlets. The area is occupied by a number of national tenants and is located in close proximity to the Carlton Centre and the office banking node as well as the transport hub in Ghandi Square.

The property was originally built as an industrial facility with ample parking. It has since been converted into a residential facility with 214 rooms and shared ablutions. Average rentals per room are R1,250 per month. The ground floor of the building houses 3 retail outlets..

The auction will take place at Summer Place in Hyde Park and will start at 12h00. Buyer registration opens at 11h00 on the day. Alternatively buyers can pre-register for the auction on the website.

For more information contact The High St Auction Co on 011 684 2707 or to visit the website.

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About the Author
Julia Hinton

Julia Hinton

Editor at Property24.com

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