LIQUIDATION ON-SITE AUCTION: 7 X P-GRADE SECTIONAL TITLE OFFICE UNITS IN ILLOVO, JHB COMMERCIAL PROPERTY AUCTION IN JOHANNESBURG, GAUTENG AUCTIONED BY BIDDERS CHOICE

Liquidation On-site Matter information:

LITTLE RIVER TRADING 191 (PTY) LTD (IN LIQUIDATION) MRN: G000682/2023

On-site Auction information:

• Property Address: 35 Ferguson Road, Illovo Johannesburg 

• Auction Date: Thursday, 11 April 2024 at 11h00

• Auction Venue: On-site (35 Ferguson Road, Illovo Jhb) 

• Viewing: Thursday, 4 April (10h00 – 14h00)

 Property Description:

The building features a 5-storey concrete structure clad with specialized walls. These walls have insulation inside, contributing to the complex’s “green” design.

Access between the basement and upper floors is by means of 3 Mitsubishi lifts.

Each tenant individually controls the central air-conditioning installed in the building.

Additionally, the building features the latest technology, including smart boardrooms, a high-technology security system, and fingerprint access.

The building also offers multiple storerooms (mostly in the basement), garden space, small yard space and balconies. 

Summary of 7 x P-Grade Sectional Office Units in Illovo:

                                                                GLA                                          Parking Bays      Visitors Parking’s

Section 1 (Proposed sections 6 & 7)       ± 441 m² (Combined Extent)   20                        2

Section 2                                                 ± 335 m²                                  15                         2

Section 11                                               ± 1468 m²                                 64                        9

Section 21                                               ± 1466 m²                                 64                        9

Section 33                                               ± 605 m²                                   25                        4

Section 51                                               ± 247 m²                                   11                        2

Total:                                                       ± 4562 m²                                 199                      28

Summary of 10 x Storerooms in Illovo:

Section         EUA Number Size (m²)

Unassigned S1                 17

Unassigned S2                 19

Unassigned S5                 19

Unassigned S6                 19

Unassigned S7                 22

Unassigned S8                 19

Unassigned S9                 19

Unassigned S11                 19

Unassigned S12                 19

Unassigned S13                 24

Total         196

The Office Units will be sold as follow: 

Order of sale of the upcoming lots:

Lot 1: Section 2 with allocated parking bays 

Lot 2: Section 6 (Proposed section 6 now still section 1) with allocated parking bays

Lot 3: Section 7 (Proposed section 7 now still section 1) with allocated parking bays

Lot 4: Section 11 with allocated parking bays

Lot 5: Section 21 with allocated parking bays

Lot 6: Section 33 with allocated parking bays

Lot 7: Section 51 with allocated parking bays

Lot 8 - Lot 17: Storerooms (will be sold individually)

Lot 18: All of the above lots to be sold together

Note: More information is available on request.