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SAIA - South African Institute of Auctioneers

ICONIC RETAIL OPPORTUNITY - JOHANNESBURG CBD COMMERCIAL PROPERTY AUCTION IN HOUGHTON, GAUTENG AUCTIONED BY AUCOR CORPORATE (PTY) LTD

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HOUGHTON - COMMERCIAL PROPERTY

ICONIC RETAIL OPPORTUNITY - JOHANNESBURG CBD

DESCRIPTION:





































Erf Size: 1730m²

Zoning: Business 1

Rates and Taxes: ± R1 134 468 p.a.

GBA: ± 6 955.41m2

Listed fund disposal

Fund grade commercial facility in the heart of the Johannesburg CBD

Newly signed 5 year lease

Blue chip tenant (Jet)

Projected Gross Annual Income of ± R2,8m with significant upside potential

Phenomenal position on the corner

Excellent exposure to massive volumes of vehicular and foot traffic





FEATURES:

Terms


R50 000 refundable deposit (strictly bank guaranteed cheque or cash transfer only). Bidders must provide original proof of identity and residence on registration. No cash will be accepted at the auction. No exceptions. All bids are exclusive of VAT. Aucor Property may bid up to reserve on behalf of the sellers. Subject to change without notification. Auctioneer: Pieter Geldenhuys
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