Amongst the 18 properties that we have on offer, we have secured six investment properties from an institutional seller. Savile Row Auctions has today announced that its next Johannesburg auction will be held on the 26th of November 2009 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 comments, "As we kick off the planning and implementation 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. With the successful expansion of our qualified team and our ability to set a substantial track record in a short space of time, we are confident that we will be ending the year on a high note."
Some of the commercial properties to feature on this auction include:
Cnr 6th Road and 7th Avenue, Springs - This well designed building is conveniently 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. The building has a lettable area of 1722m². The property has business 3 zoning and boasts a communal entrance with exceptional security facilities in place. Excellent secured onsite parking is available for this building.
20 Attie Fourie Street, Vanderbijl Park - With 1589m² of prime retail and office space, this mixed use building has an anticipated gross income of R950k. The property is ideally located in the heart of the bustling CBD of Vanderbijl Park, 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 situated next to OR Tambo International Airport, this 1678m² building is centrally located in the banking district of the CBD of Kempton Park. The property boasts high street retail offerings as well as offices with parking onsite for tenants. This property is mainly vacant and herefore has superb upside for investors.
51 Burger Street, Krugersdorp - The property is of the Cape Dutch architecture and is 930m², 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. This property would be perfect for a legal or accounting firm's head office.
Cnr Botha and Paul Kruger Streets, Witbank - A fantastic property in the busiest part of the old Witbank precinct, this property boasts 2298m² of mixed use comprising of both retail and office space. The building is ideally located across the road from the taxi rank and bus station and is next door to the SARS office of Witbank. The property has an anticipated income of R1,5 million per annum.
83 Cranbourne Avenue, Benoni - Another beautiful Cape Dutch architecture building, which boasts a fully let retail component with upside potential on the rentals. The office section of the building has vacancies that can be filled by an owner occupier or by an investor. The anticipated income is R193k per annum.
