Industrial property for the investor

Park Village Auctions is bringing two large industrial properties to market in November.

The auctions represent investment opportunities to those in the know in commercial real estate, says PVA’s Stephen Benjamin. “Those with a keen eye for investment know to serve growing trends in the market which currently point to large industrial space for logistics, warehousing, manufacturing concerns, and” Benjamin light says.

“Both properties are primed for these applications, ideally located in industrial nodes with correct zoning in place to accommodate current rental demands,” he says.

The first auction will take place at 11am on November 14 and comprises two properties, at 200 and 202 Railway Street in Germiston South. The latter is fully tenanted. It has two openplan walled units, a guard’s room and ablutions.

The property has a gross lettable area (GLA) of 749m².

Number 200, which is vacant, comprises large open warehouse or retail space and has a GLA of 811m²

Both properties are zoned business 1 and offer doublevolume workspace, storage space, visibility from the main road along the main bus and taxi routes, and are easily accessible from the N3 and N17.

The star of the show, in Chamdor, Krugersdorp, will be offered at 11am on November 15. It has A-grade office space with a large open-plan warehouse zoned as industrial 2.

The property in question, at number 38 Van Eck Street, spans more than 3.2ha, of which 13,621m² are roofed.

It is a well-maintained building with a reception area, offices, a boardroom, kitchen, toilets and covered parking on the ground floor.

The first floor features a large showroom and additional offices adjoining an expansive warehouse of 9,508m² with a high-volume roof.