Prize inner-city property for investors

Park Village Auctions is set to bring a prime commercial property with high visibility in New Centre, Johannesburg, to market by way of a public on-site auction.

“This is an auction that inner-city investors don’t want to miss,” says PVA’s Nic Techmann, who believes the property’s Eloff Street location and zoning add to its appeal.

“The premises is zoned commercial with retail and warehousing rights. Its centrality means it is easily accessible from the M1 and M2 highways, as well as the Faraday and Village Main train lines,” says Techmann.

Located on Eloff Street, number 192 is a three-storey concrete building with a secured under-roof front entrance, a reception area, individual offices, storerooms, a kitchen, cloakrooms and undercover storage yard on the ground level.

While the premises previously housed a school, internal drywalling that created the classrooms has been removed, leaving an open-plan layout.

Internal finishes include marble and granite tiles in the reception area, uncovered screed and wall-to-wall carpeting throughout. Reinforced concrete slabs form the flooring of the upper levels, and there are suspended ceiling panels.

The premises has 18 parking bays at the front of the building, which is directly accessible via Laub Street. The yard surface is described as “macadamised” in the staff parking area.

In the side yard, with access from Laub Street via industrial roller shutter doors, is a steel and corrugated-iron roof structure, currently utilised as a covered storage area.

The street front is unfenced, with the remaining sides bounded by palisade security fencing approximately 2.2m in height.

Total improvements measure approximately 2,214m2 set astride land measuring 965m2.

The auction starts at 11am on Wednesday. Prior viewing can be arranged by appointment: call Nic Techmann on 083383-7366. Details on www.parkvillageauctions.co.za under listing number 573.