Well-kept building with room to grow
IN2ASSETS will be presenting a commercial investment opportunity on Wednesday at 11am, when it auctions 22-24 Burlington Drive, Shallcross.
The live and online auction for the property, part of a deceased estate, will be at Mount Edgecombe Country Club.
The commercial suburban mixeduse property is positioned approximately 750m from the Ridge Shopping Centre in Shallcross, Chatsworth, and has the potential to be converted into a retail facility.
The property comprises six mini factories or workshops, five apartments, ample yard/parking areas, storage rooms and further development land.
It is well maintained, with the two main buildings having slabbed roofs for increased development in height. However, municipal approval and consent must be obtained.
Building 1 features:
A mini-factory, accessed via two rollershutter doors, with a mezzanine office level.
Ablution facilities.
A second workshop facility positioned at the rear, accessed via a roller-shutter door.
At split level between the ground floor and upper floor, the property consists of a smaller mini factory with attached storage room. This level also allows access to a storage facility at the rear.
The upper floor comprises two mini-factories, each with ablution facilities, a kitchenette and drywall partitioned offices.
Building 2 comprises:
Two mini factories/workshops on the ground floor, each accessed by rollershutter doors, with own ablution facilities.
One of the mini factories/workshops further comprises an office that opens out to a covered parking area.
There are five residential apartments positioned on the first floor of this building.
There are four two-bedroom apartments and one three-bedroom apartment. Each apartment features a lounge, dining room, bathroom and kitchen with built-in cupboards and fitted stoves.
In addition, there is approximately 1500m² of development land on the eastern boundary of the property.
Bids can be submitted remotely via the In2assets online bidding platform.
Viewing is by appointment. For more information about the property, call Virend Deonarain at either 071 383 1735 or 031 574 7600 or email vdeonarain@ in2assets.com |