Location, location, location!

The team at Aucor Property have announced dates for this year, with its first auction taking place on February 11 at the Maslow Hotel, corner Rivonia Road and Grayston Drive in Sandton beginning at noon.

Headlining the February auction event is a landmark commercial property located in the Johannesburg CBD. Spanning an entire city block on a stand that measures a generous 3 965m2, the Futura building is bound by Main Street, Polly Street, Fox Street and Mooi Street. The property has prime location near the Absa/Barclays precinct and is well serviced by primary roads that lead into and out of the City Centre. Furthermore, easy access to the M2 highway is provided via Mooi Street. The property is surrounded by a mix of office buildings, high-rise residential flats, industrial properties and street front retail stores.

Sean Parsons, business development executive for Aucor Property commented, “Futura House is a multi-purpose building that features 10 storeys of office space and retail space in addition to six basements. The GLA of the building excluding the six basement levels is 8 037m2. While the property is currently used for commercial and retail purposes it does have good potential to be re-developed into a residential offering.”

Two of the six basements are used for parking with an access ramp into the building located in Main Street and the exit ramp on Fox Street. In total the building has 191 parking bays of which 181 are covered and 10 are open. The four lower basements are currently used to house air-conditioning equipment, water tanks, a septic tank and electrical equipment as well as storage space.

The ground floor features the main entrance foyer, a small office component and a large retail area which is currently occupied by Tiger Wheel & Tyre. The remainder of the building comprises office space with each floor hosting a common area, ablution facilities, five lifts, an internal staircase and a fire escape. Most office areas have power skirting and vary in configuration however partitioning is mostly by means of dry walling and is therefore easy to reconfigure if required.