Jozi's Newlands portfolio to be auctioned

20 Jul 2013

Aucor Property has announced that it will be holding its next multiple Johannesburg Auction event on the 14 August 2013 at the Park Hyatt Hotel.

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."

Properties to come under the hammer

Retail Centre, Corner 8th Street and Main Road, Newlands

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, Cnr 13th Street, Newlands

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.

Car Lot, 117 Main Road, Cnr Oosthuizen Street, Newlands

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.