Prime development property on Auction

Aucor Property has announced that its October multiple auction will be held in Johannesburg on the 16th of October 2012 at the Park Hyatt Hotel in Rosebank and will begin at 12h00 on the day. Prime commercial, retail and residential properties to the total value of R250 million will come under the hammer on the day.

 

One such property to feature is a prime commercial piece of land in Corporate Park North, Midrand. Stands 447 and 448 have a total extent of 22 461m2 and has been allocated special zoning.

 

Corporate Park North in Randjespark, Midrand is an established large commercial and industrial development conveniently located between the N1 freeway and Old Johannesburg Road, with easy access from both Olifantsfontein Road and Samrand Avenue. The current extension of Olifantsfontein Road also provides convenient access to the R21 connecting the area to the East Rand.

 

Featuring numerous blue chip companies and with over 80% of the overall property developed, the park has excellent security and is fully walled and features electric fencing.  A proper access controlled point is operated off Old Johannesburg Road. All internal roads within the facility are tarred and each stand has been allocated 100KVA of power.

 

John Hislop, Broker at Aucor Property comments, “We regularly get calls from buyers and developers looking for good quality, well located land in and around the Johannesburg and Pretoria areas. Corporate Park North would appeal to these buyers as a half way point between the two cities. An added benefit to the locality of the property is the Gautrain Midrand station which is located in the area on the K101.”

 

“Rarely do we see two stands of this size come onto the market with all services in place. This means that a buyer or developer would be able to start building immediately on the land without the added task of having to obtain permits and clearances from City Council. Due to the impressive size of the property a warehouse facility of up to 11 000m2 could be custom built.”