Prime Johannesburg CBD property to be auctioned

A prominently situated commercial property in Marshallstown in the Johannesburg CBD, offering both office and retail space, will be brought to auction during this month's multiple auction event on October 27. The property will be sold on the basis of vacant occupation.

The 4 storey property is situated on a busy commercial strip, on the corner of Frederick and Loveday Streets, and enjoys excellent exposure from passing vehicle and pedestrian traffic. The property spreads across the width of the block, with the main entrance on Frederick Street, and forms part of the well-known bank city which is home to Nedbank, ABSA and Standard Bank.

The building extends over an approximate GBA of 2,020m², and includes a fully enclosed parking area, that is accessible by means of a sliding gate. The ground floor hosts a reception area for the offices above, as well as a secure delivery area and fully fitted restaurant, which features a seating area, fully fitted kitchen including extractor fans and a cold room, and ablution facilities.

The upper floors of the building include multiple partitioned offices of various sizes, which can easily be altered to suit tenant requirements, and each floor also includes kitchen and ablution facilities.

Comments John Hislop of Auction Alliance, "The property's prominent, high exposure location, makes the restaurant area on the ground floor ideal for a national franchise. The office space on the upper floors is suited to a corporate occupier, or each of the floors can be let individually".