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Date: 27/11/2018     Park Village Auctioneers     Auction News

Prime JHB North Commercial Properties On Auction

Prime JHB North Commercial Properties On Auction
This Parkmore office building boasts excellent visibility from Sandton Drive and will up for grabs on auction on the 3rd of December.

Park Village Auctions will soon bring to market two prime office buildings located in Johannesburg North. That’s the word from PVA’s Jaco Du Toit who says those looking to start 2019 in premium corporate offices need not look any further.

The property auction run will commence with the sale of a well-maintained office building with excellent Sandton Drive frontage in Parkmore at 11 am on the 3rd of December. Number 120 4th Street takes the form of an attractive, self-contained office park with a large double-storey commercial building that can be used as one large office or divided into two independent sections and sublet.

Unit A extends over the lower and upper level comprising a double-volume entrance foyer, a reception, a cloakroom, a staff kitchen, a filing room, a server room, a boardroom, six private offices, and a balcony overlooking Sandton Drive. Unit B contains a reception area, a staff kitchen, a cloakroom, a storeroom, and three private offices. Inter-leading doors between the two units give access to a central, open-plan office area. The property further offers secure parking space for clients and staff and sit astride land measuring 991 sqm’s.

Following on the 4th of December at 11 am, the sale of number 9 Georgian Crescent West in Bryanston. It is a modern double-storey office building with classic architecture which adds a noble-feel to the façade. On the ground floor, a double volume reception area leads to a lounge with a built-in bar and a storeroom, a kitchen, a scullery, male and female cloakrooms, a server room, a large boardroom, four private offices and a filing room. The upper level contains a reception and seven private offices, of which three offer direct balcony access. The property measures 1801 sqm’s and further offers covered parking for vehicles.

Du Toit: “Both properties are primed for the taking. They occupy prominent positions in Johannesburg North’s premier business districts. Number 120 4th Street is only a few minutes away from Sandton City shopping centre while number 9 Georgian is conveniently close to the N1 highway accessible via William Nicol Street.

“Anyone with an eye for commercial property will know how lucrative of investment office space within this business node is, with rental demand growing daily as Fourways and Sandton continue to expand into what will eventually be a megalopolis business district.

“Whether an investor has their eye on purchasing to let or seeking a new property for their own business operations, these properties represent an excellent opportunity to start 2019 on a solid footing.”

Viewing will take place one hour before the start of each auction respectively.

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