Tenanted Industrial Business Park on the auction block

Auction Alliance will bring an entire Business Park in Boksberg East under their gavel during next month’s Commercial Multiple auction on November 23.

The property is well situated within the established industrial area of Boksburg East, with the main entrance located on 31 Christopher Street. The subject property encompasses the width of an entire block and includes a second access point on David Street.

The site enjoys excellent access to and from a wide catchment area via most main and secondary routes, with most convenient being the Atlas Road off ramp on the N12 highway.  

The property hosts a total of 18 separate units, containing a mixture of modern and older buildings, which in total offer approximately 13 000m² of gross lettable area. The individual units are variable in size but all offer a warehouse / workshop area, office space and ablution facilities.

All the units have tenants in place except for the one, and the investment generates nearly R4.4 million in gross annual income.  

In addition, there is a central open storage yard measuring 4000m² and all parking areas and thoroughfares are covered in tar or paving. The property offers the possibility of further development for the keen investor.

“This presents a rare opportunity for the investor to acquire a large industrial property with established tenants in place. I am expecting high demand for this quality investment” says John Hislop from Auction Alliance.

The auction takes place at 12pm, on November 23, at the Hilton Hotel, 138 Rivonia Road, Sandton. 

For more information Click here to view Auction Details