LIQUIDATION SALE SECTIONAL TITLE OFFICE BLOCK , NEW REDRUTH, JHB COMMERCIAL PROPERTY AUCTION IN NEW REDRUTH, GAUTENG AUCTIONED BY WH AUCTIONEERS PROPERTIES

Liquidation Sale Sectional Title Office Block , New Redruth, JHB

Opening Bid: R5 250 000
Closure Date: TBC
Time: TBC

Property Address: 22 Saint Aubyn Road, New Redruth, Gauteng
Sectional Scheme: Section 1 & Section 2 of plan 95/1990 known as MARWIK CENTRE
Erf & Suburb & City: Erf 795 Regents Park Ext 5, City of Johannesburg
Deeds Office: Johannesburg
Deed No.: Section 1 - ST37575/2005
                  Section 2 - ST24438/2006
Section 1 Size: 500m2
Section 2 Size: 542m²
Total Erf Size: 1989m²
Zoning: Commercial
              The zoning permits both residential and business use

Description
Liquidation Sale | Sectional Title Office Block | New Redruth, JHB
BEST PROSPECTS 190 CC / MANOR SQUAD SERVICES (PTY) LTD

Sectional Title Office Block – New Redruth Garages and Covered Parkings GLA 1 042m²

LOCALITY
New Redruth is a suburb in Alberton, Gauteng, South Africa, known for its residential properties and amenities like schools, hospitals, and shopping centers, including the New Redruth Village shopping centre. It offers a mix of property types, such as sectional and full-title clusters, townhouses, and freestanding homes, with various housing options for rent and for sale
Google Maps: -26.2652, 28.1157

DESCRIPTION OF IMPROVEMENTS
The property is in New Redruth, Gauteng and was formally a block of flats that was converted into commercial office space. It’s a double storey face brick building. Vehicle entrance is via St Aubyn Street and via Fore street. There is also a pedestrian entrance via Fore Street.

The building comprises of entrance area on the ground level and a staircase providing access to the first floor.

Section 1 refers to the ground level and Section 2 refers to the first floor. Both levels provide various office suites, kitchenettes, ablutions facilities, storage and filling areas. There is a dedicated boardroom on the ground level.

Section 1 on the ground level has 3 tenants. The main tenant occupies the majority of the floor and resides on the property that includes a kitchen and bathroom.

Section 2 is tenanted by 2 different enterprises.

There are vacant offices that can be let on both floors. The building lends itself to altering the offices to suit tenants requirements.

Section 1 (ground level)
Tenant 1: Bernard L Du Plessis Attorneys occupying most of the floor. Lease expires 31/08/2028 - Rental R34 500pm

Tenant 2: Tracey Williams Attorneys (month to month lease) Rental R1 500pm

Tenant 3: Seamstress/Taylor. (month to month lease) R 4 500pm

Vacant office consists of 3 offices and kitchenet

Section 2 (first floor)
Tenant 1. Perfect Defects (month to month lease) Rental R12 830pm

Tenant 2, Multimedia. (month to month lease) Rental 19 500pm

Vacant office consists of reception area or office, 1 x office and toilet.

Outbuildings:
There are 7 lock up garages and 7 carports.
There are also 16 open parking bays. Electric fencing.

Condition:
Condition of the building is fair requiring general maintenance.

Summary
Roof: IRB roof sheeting
External Walls: Face brick
Internal Walls: Plastered brick and facebrick Internal floors:
Tiled and carpeted areas

Condition:
The property is in fair condition requiring general maintenance.