Sean Parsons, business development executive comments, "The team at Aucor Property has assembled a good mix of commercial, retail and residential properties for our August auction. Of particular note is a parcel of properties west of Johannesburg in the Newlands area. These properties are all located all on Main Road which is a major thoroughfare through the suburb. Main Road becomes Ontdekkers Road as it approaches the N1 Western bypass, linking Johannesburg to Roodepoort."
This multi-purpose retail site has excellent levels of exposure due to its prime position on two busy arterial roads in Newlands. The property is zoned for Business 1 and has additional land at the rear of the stand. The site comprises of 6 erven totalling a generous 3187m2 in size. The retail component of the property is developed with 4 existing shops of which two are currently let. Each lettable area has its own meter for electricity and water. The centre offers ample off street parking.
105 Main Road features a double storey building that is zoned for business 1. Covering 3 erven, the property has a land extent of 992m2 and a GLA of 717m2. The ground floor is divided into 2 retail sections. The largest retail section has an office area, kitchenette, toilet and a store area. The second smaller retail section is a single room that is connected to a rear cottage building which has an additional bathroom and office space. The first floor is currently used as a church and features a large hall with 2 toilets and a storage area. The floor also houses 2x2 bedroom flats that each have a bathroom and living area. Additionally the property has a tract of vacant land to the rear of the premises.
This large corner stands spans 6 erven totalling 2504m2 and is zoned for Business 1. The property is well maintained and is used as a car sales lot featuring a yard which can accommodate up to 150 cars; a modern showroom ample office space, a reception area, store rooms and ablution facilities; 2 workshop sheds and staff accommodation on site. The parking lot area is paved and offers shade net parking. The property is fully let to a single tenant with a lease in place until August 2015.
Parsons concludes, "With such prominent locations and stable tenants in place, all 3 properties in Newlands offer prospective buyers looking to get into the small to medium business market a solid investment in a well-established suburb."
For more, go to www.aucor.com.
