Investment opportunity

Included in the R400 million worth of stock to be sold on the day is a fully tenanted industrial and showroom complex located in Meadowdale, Johannesburg.

Sean Parsons, business development executive for Aucor Property comments, “The north eastern area of Johannesburg remains a popular established industrial hub as more blue chip business are looking to settle into the area, with the demand for quality space at a premium. With good access to the both the R24 and R21 highways, Meadowdale is an area that remains in demand and this is supported by the fact that many properties are fully tenanted.”

Number 21 Herman Road is a well-planned and multi-faceted offering that has a variety of facilities which would appeal to owner operators and investors alike. The property is zoned for Industrial 3 and has a projected gross rental income of R3.8 million per annum. The property which has excellent highway exposure features a main three-storey office building and showroom, as well as a rear warehouse.

The ground floor of this building consists of a showroom and reception area with facilities including bathrooms and a kitchenette. The first floor is configured to open plan and executive offices with supporting amenities and the second floor area has additional showroom facilities, storage and an exterior side security room. The high ceilinged rear warehouse features three equipped flame-proof rooms with extractors and louvre’s, a concrete mezzanine level that has office space and a first storey staff room with ablution facilities.

Furthermore, there are additional buildings on the property housing multi-use showrooms and offices, workshops and stores as well as a separate paint shop area, which houses an extraction equipped spray booth that has a Diesel baking facility, offices and stores. These buildings are all double-storey and are currently tenanted. The property also features a fire-proof store which is a stand-alone building near the south-western corner of the property and is fire-proof with associated extractor and louvre features.

The property is well secured with electric fencing and two motorised gates. There is ample paved parking with 27 marked parking bays. There are three partitioned yard areas of which two are paved and have panhandle access.

“We have already seen significant interest in this property, as property investors and business owners recognise the prime position and the value of owning property in this node,” Parsons concludes.