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Commercial Property On Auction in Halfway House

  • AUCTION
Online Auction in Midrand - Extraordinary Investment Property

10 Year Lease, Massive ROI, 2.5km from the Mall of Africa Precinct

Bids Close: Thursday 4 April @ 2:30pm

Auction venue: www.auctioncentral.co.za

Viewing: By Appointment

The subject property hosts an established office park known as Elite Park and is situated on the corner of Richards Drive, Suttie Avenue and James Crescent in a well-established commercial suburb

The N1 highway is located in close proximity to the subject property with the nearby Allandale Road on- and offramps allowing for simple access to the broader City of Gauteng Region.

The property is 100% occupied by single tenant in the education field.

Features:

• Multi-faceted office block comprising 6 interlinking three-storey office blocks.

• 10 Year lease, with an option for a further 10 years

• GLA: 6 720m2

• Land size: 8 763m2

• 204 parking bays.

• Close proximity to...

10 Year Lease, Massive ROI, 2.5km from the Mall of Africa Precinct

Bids Close: Thursday 4 April @ 2:30pm

Auction venue: www.auctioncentral.co.za

Viewing: By Appointment

The subject property hosts an established office park known as Elite Park and is situated on the corner of Richards Drive, Suttie Avenue and James Crescent in a well-established commercial suburb

The N1 highway is located in close proximity to the subject property with the nearby Allandale Road on- and offramps allowing for simple access to the broader City of Gauteng Region.

The property is 100% occupied by single tenant in the education field.

Features:

• Multi-faceted office block comprising 6 interlinking three-storey office blocks.

• 10 Year lease, with an option for a further 10 years

• GLA: 6 720m2

• Land size: 8 763m2

• 204 parking bays.

• Close proximity to Grand Central Airport and Midrand Gautrain Station.

• Highly accessible location, easy access to the N1 highway via Allandale Rd

Bidding is Easy with Auction Central:

• Bid on site, Bid by phone

• Auction finance available

• Outstanding utilities are settled before transfer

Auction Information:

• Deposit / Bidders premium of 10% plus VAT thereon of the bid price.

• All offers are subject to a confirmation period.

• The rules of auction and conditions of sale are available from Auction Central’s offices.

Listing number: P24-114141353, Image number: 1
Listing number: P24-114141353, Image number: 2
Listing number: P24-114141353, Image number: 3
Listing number: P24-114141353, Image number: 4
Listing number: P24-114141353, Image number: 5
Listing number: P24-114141353, Image number: 6
Listing number: P24-114141353, Image number: 7
Listing number: P24-114141353, Image number: 8
Listing number: P24-114141353, Image number: 9
Property Overview
Listing Number
114141353
Type of Property
Commercial Property
Listing Date
14 March 2024
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