Date: 09/11/2017     Park Village Auctioneers     Auction News

“Excellent” Buy-to-let Commercial Properties Up for Auction

“Excellent” Buy-to-let Commercial Properties Up for Auction
Just one of the two commercial properties to go under PVA’s hammer this month.

Park Village Auctions has been instructed to auction two large Industria West based commercial properties. That’s the word from PVA’s Jaco du Toit who says that investors seeking to capitalise on the strong rental demand for manufacturing and warehousing accommodation need not look further.

The auction will commence at 11am with the sale of number one Jonathan Road. This double storey industrial building comprises, on the ground floor, of a workshop geared for manufacturing, storerooms, two offices, a staff kitchen, and staff toilets.

The upper level contains partly constructed offices, additional storerooms and an open-plan area for use as another workshop or warehousing and features a gantry rail that is accessible from the front of the building. The property measures 1457sqm’s in total.

Following immediately after that, number four Jonathan Road takes the form of a “neat” double volume industrial warehouse or workshop. The ground floor features a reception area, a staff kitchen and cloakrooms. A steel spiral staircase leads to a spacious open-plan office with split air-conditioning on the upper level.

Additional features include a single storey building comprising staff change rooms, toilets and ablution facilities near the main entrance and exit gate. The property measures 3421sqm’s in total.

It is worth pointing out that Jonathan Road is just off Albertina Sisulu road and therefore easily accessible from both Johannesburg CBD as well as the N1 Western Bypass with the Croesus and Industria train stations nearby as well. 

Notes Du Toit: “Both properties represent excellent buy-to-let opportunities. Each property has industrial one zoning, and the layout is fairly open plan catering for a variety of uses and thus potential tenants.

“For example, number one would be suitable for tenants involved in panel beating, mechanics or metalworking –or any assembly work for that matter. It also has great exposure to Commando Road. Number four lends itself well as a warehouse and distribution centre.

“Results from Johannesburg Industrial Property Report for the second quarter of 2017 shows that exports have increased by 4.7% and with that demand for warehousing accommodation. The report further states that the city has an average vacancy rate of 5.0% and, despite the economic climate, rentals in the sector have grown. This goes to show that commercial property remains a stable and reliable asset for income generation.”

The auction will take place on-site on Wednesday the 15th of November. Viewing will take place one hour before the start of the auction. Alternatively, appointments for viewing can be arranged by calling Park Village Auctions on 087 160 0521.

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