Two liq­ui­dated King Fi­nan­cial Ser­vices prop­er­ties to be auc­tioned

Weekend Argus (Saturday Edition) - - PROPERTY -

ON JULY 15, two north­ern sub­urbs prop­er­ties with re­tail and of­fice space be­long­ing to the King Fi­nan­cial Ser­vices group will be on auc­tion.

Both prop­er­ties are liq­ui­da­tion sales and are sit­u­ated close to an abun­dance of prime real es­tate, in­clud­ing of­fice com­plexes with a va­ri­ety of busi­nesses, restau­rants and car deal­er­ships.

The first prop­erty, 255 Dur­ban Road, is a 1 170m2 build­ing con­sist­ing of a ground-floor car show­room, first-floor of­fice space and base­ment park­ing with 14 bays. The re­tail show­room has stan­dard ac­com­mo­da­tion, with of­fice space off the show­room floor, a re­cep­tion area, three par­ti­tioned of­fice suites, a kitch­enette and ablu­tion fa­cil­i­ties. The of­fice space con­sists of a first-floor re­cep­tion en­trance, of­fices, and a kitch­enette and en­ter­tain­ment room open­ing up off ei­ther side.

The ground-floor show­room ten­ant is Bar­loworld South Africa, which has expressed an in­ter­est in re­new­ing its lease. The first-floor of­fice space and base­ment park­ing are open for new ten­ants.

The sec­ond prop­erty is Check­ers Midville Dur­banville shop­ping cen­tre. This neigh­bour­hood shop­ping cen­tre on 13 Welling­ton Road of­fers re­tail space, of­fice space and am­ple park­ing. The gross let­table area of the site is 4 649m2 and with Check­ers as a strong an­chor ten­ant, the prop­erty gen­er­ates an an­nual in­come of R4 mil­lion. The lease with Check­ers is in place un­til 2015.

The prop­er­ties will be auc­tioned at Auc­tion Al­liance’s mul­ti­ple com­mer­cial auc­tion at the Crys­tal Tow­ers Ho­tel and Spa at noon on July 15.

FOR THE BUSI­NESS­MAN: The prop­er­ties at 255 Dur­ban Road, Bel­lville, and the Check­ers Midville shop­ping cen­tre in Dur­banville will be up for auc­tion at the next Auc­tion Al­liance mul­ti­ple com­mer­cial auc­tion.

SHO­PRITE SALE: The Sho­prite su­per­mar­ket in River Road, off Voortrekker Road, Vre­den­dal, is one of two Sho­prite cen­tres that were re­cently sold for R36 mil­lion by Kim Fa­clier of Sav­ile Row Auc­tions. The Vre­den­dal prop­erty was sold for R10.8m and the cen­tre at 11-17 Scott Street in Uping­ton went for R25.2m. Sho­prite is the blue-chip ten­ant at both cen­tres and had re­cently signed a 10-year fully re­pair­ing lease. Both trans­ac­tions were con­cluded by the own­ers shortly af­ter the auc­tion. Call 082 5546 295 or email kim@srauc­

NO­ORD­HOEK HAVEN: This beach house and an ad­ja­cent va­cant plot of­fer­ing un­in­ter­rupted views of No­ord­hoek beach will be auc­tioned on site on July 9. ClareMart Auc­tion Group di­rec­tor, Mike Baigel, says the 458m² dou­ble-storey home on a 983m² erf at 7 The Dunes in Ratelk­lip Close, and the ad­join­ing va­cant erf, are part of a de­ceased es­tate, and may be sub­mit­ted as in­di­vid­ual lots and to­gether. View­ings will take place on Sun­days June 27 and July 4 from 2pm to 5pm. Call 021 425 8822 or visit

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.