Business premises on offer

Picture: Supplied.

Growthpoint, South Africa’s largest property fund, has re-commissioned Aucor Property to handle the sale of various industrial and retail properties on its next multiple auction at the Maslow Hotel in Johannesburg on May 20.

“Headlining our offering on the day are three key properties, all of which have large appeal in their own right and will be attractive to a broad investor base. The properties have strong tenants and good leases in place, offering a solid investment,” says Jonathan Aitken, Business Development Executive from Aucor Property.

Tiger Wheel & Tyre, Corner Main Reef Road (R41) and Bonanza Street, Selby

Zoned for commercial 2 with an erf size of 4 841m², the property is strategically situated facing Main Reef Road (R41), Selby, with especially good exposure to westward traffic. Additional traffic is drawn to the immediate area as a result of the Dragon City Shopping Centre which is situated across Main Reef Road.

Aitken says: “This is the original Tiger Wheel & Tyre operation that was established in 1982. Subsequently the brand has grown to 90 branches nationwide. The property is well configured featuring two separate buildings, a large yard and ample parking. The space features offices, storage areas, ablution facilities, double volume retail space and an eight bay workshop”

Tiger Wheel & Tyre currently have a lease in place until October 2017. The combination of a triple net lease, a multi-national tenant and a precinct as strong as Selby and Fordsburg, will generate considerable interest.

Multi-tenanted industrial park, 13 Telford Street, Duncanville, Vereeniging

This large industrial park is built on over 2.2 hectares, and is located on the corner of Telford Street and Van Riebeeck Street in the established industrial node of Duncanville in Vereeniging.

The property is comprised of various buildings which vary in configuration with a total lettable area of 9181m2. There are 12 factory/warehouse buildings of which 6 are interlinked. Additional site features include a boiler and compressor building and separately enclosed yard areas. There is ample on-site parking.

“The property has several long term leases in place including Take 5 Juices, who are the anchor tenant in this multi-use business park. Other tenants include CitiWood, Arrow plumbing and EMR – an auto electrical retailer. This is a dynamic opportunity for the discerning investor wishing to leverage off the stable and lengthy tenant history,” says Aitken.

Metro Cash & Carry, 101 Edison Boulevard, Vanderbijl Park

Zoned for Industrial 3 on 1.3680 hectares, the site is situated on the corners of Edison Boulevard, Muir/Fraser Street & Rabie Street in the well-established business node of Vanderbijlpark. The property offers excellent road exposure to Edison Boulevard which is a primary road through the business node.

The property features a retail warehouse building, entrance guard house, sprinkler tanks and a transformer/pump building. The building itself has an entrance and docking area, a secured pedestrian entrance, various offices, strong room, receiving and dispatch area with floor scale, a canteen, kitchen and ablution facilities with various roller shutter access doors.

Aitken concludes, “This property is also a single tenant triple net lease, in place until September 2017, making this a solid investment for the right buyer to own property in this bustling metropolis.”

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