Commercial properties eclipse domestic stock in Rosebank

There is good bidding across the board at the Aucor property auction at the Park Hyatt Hotel in Rosebank.

There was good bidding across the board at the Aucor property auction at the Park Hyatt Hotel in Rosebank yesterday, with strong demand shown for quality commercial properties.

“The auction was much improved compared with the last one. We were expecting a muted response, but the demand proved more buoyant than last month,” Mark Kleynhans of Aucor said.

“However, demand for residential stock was softer than expected and good value was to be had by buyers. It was encouraging that the registration of buyers was higher than last month,” he said.

Other properties on offer initially included:

nGrade A retail showroom at 190 Bram Fischer Drive, Kensington B, Randburg, on an erf of 3,372m² and gross building area (GBA) of 2,600m² with an industrial zoning (R15.15m).

n Modern luxury home at 29 Poplar Street, Noordwyk, on an erf of 1,005m². The house has four bedrooms, four bathrooms (all en-suite), kitchen with granite tops, dining room, lounge/family room, cinema room, patio with braai and guest suite (R2m).

nRetail property at 22 Gleneagles Road, Greenside, with commercial zoning. Erf size is 1,406m² and has a GBA of 1,032m² (R9.5m).

nCountry Manor House at 348 Spur Road, Beaulieu Estate, Gauteng. Erf size is 11,960m² and GBA 1,250m². The house has seven bedrooms, six bathrooms, two lounges, family TV room and upstairs pyjama lounge. There is a large openplan kitchen and dining area, games room and a 12-seater fully equipped cinema room and bar and entertainment area. There is a garage for six cars. The property was offered with vacant occupation (R16.5m).

nBlock of flats at 47 Rosey Street, Rosettenville, on an erf of 867m² and GBA of 600m² (R1.375m).

nInvestment units at 424 Long Ave, Ferndale. Nine sectional title two-bedroom units with carports (R5m).

nInvestment Property at 10 Covora Road, Jet Park, with 15 fully let units with total lettable area of 9,197m². Gross annual rental is R5.17m (R38m).

nCommercial property at corner of Hendrik van Eck and Andries Potgieter Boulevard Vanderbjilpark, GBA 200m² (R1.3m).

nFully let two-storey building at 6 Simmonds Street, Marshalltown, with GBA of 1,085m² (R2.5m).

nVacant industrial property at 1 Skietlood Street, Isando. Erf size 1,742m², GBA 1,100m². Sold with vacant occupation.

nBlock of flats at 82 Eastwood Road, West Turffontein. Erf size 991m², 14 flats, eight rooms and seven on-site parking bays.

nLifestyle property bordering on the Rhino & Lion Nature Reserve at Cradle of Humankind, Gauteng. Erf size 21.47ha on land size of 47ha. House with two-and-a-half bathrooms, large entertainment area, servants quarters/cottage.

nSectional title office, unit 15 Hatfield Bridge, corner Richard Street and Church Street, Hatfield, of 273m² with GLA 273m². (Withdrawn).

n Five-bedroom home at 24 Mirage Drive, Helderkruin. Erf size 2,404m² with five bedrooms, five bathrooms, two flatlets with two bedrooms (R790,000).

n Investment unit at 11 Throb Villas, corner Monkor and Rabie streets, Randpark Ridge. Erf size 50m², one bedroom, loft, bathroom and carport (R200,000).

nAn industrial property on Skietlood Street Isando, Kempton Park, on an erf of 1,742m² with a GBA of 118m² and an Industrial Two zoning. The building is divided on two levels and is close to OR Tambo International Airport in established industrial node. (Withdrawn)