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Date: 02/11/2018     Park Village Auctioneers     Auction News

Prominent Randfontein Retail Property on the Block

Prominent Randfontein Retail Property on the Block
PVA will auction this highly versatile commercial property in the heart of Randfontein on the 8th of November.

Park Village Auctions has been instructed to auction a well-maintained commercial property based in central Randfontein on the 8th of November 2018. That’s the word from PVA’s Stephen Benjamin who says that the property occupies a prominent position in West Porges main retail hub.

Stephen Benjamin: “This a highly versatile property that would appeal to any number of investors or owners. It has been well maintained and enjoys great visibility on a busy street with considerable passing trade.”

Located at 69 Main Reef Road, the property takes the form of a face brick double storey building zoned under business 1. Both floors are open plan, and the current zoning allows for three additional stories to be built.

“The property boasts two main entrances, so it could be divided into separate retail stores or offices. In fact, the property lends itself to a host of various uses thanks to its layout, position within the city centre, and accessibility from arterial roads.” Says Stephen Benjamin.

Main Reef Road runs through the heart of Randfontein and the property in question is conveniently located where the R41 splits. Nearby points of interest and amenities include the Village Square shopping centre, the Randfontein train station and the West Rand district municipality. The property is surrounded by a residential area, which generates a large amount of the footfall.

As such Stephen Benjamin explains that the property is perfectly poised to accommodate numerous types of concerns, a wholesale outlet, a gaming arcade or entertainment centre. Alternatively, the property can be converted into a church, a school, a hotel, residential apartments or a storage facility.

To best understand the properties potential, Stephen encourages potential investors to preview the property by appointment, by calling him on 082 577 9737 or Park Village Auctions’ property number on 087 160 0521.

The auction will commence on-site on the 8th of November at 11 am. Those who wish to view more details online can visit parkvillageauctions.co.za using web reference 155.

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