Multi-Tenanted A- Grade Commercial Investment

Multi-Tenanted A- Grade Commercial Investment

AUCT-001345 | On Auction

Mellis Court, 24 Autumn Street, Rivonia, Sandton, Gauteng


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OPENING BID AT 8K PER M² - Multi-Tenanted A- Grade Commercial Investment. 24 Autumn Street, Rivonia, Sandton

Extent: ± 6 020 m² | 3 A-grade commercial buildings | Gross Annual Income incl. recoveries: ± R3.9 Million | All rates are recoverable | Huge upside on current rental

LOCALITY

It is also situated in close proximity to Rivonia Road and the N1 highway onramp as well as Witkoppen Road. A convenient location. The property is within walking distance to public transport such as Gautrain Bus Stop and taxis. Nearby you will find filling stations and ample amenities situated on Rivonia Boulevard such as retail outlets, cafe's, restaurants and more. The building is within a secure park with 24/7 security and access.

PRIMARY USE

The subject property comprises three A grade office buildings in the highly sought after commercial node of Rivonia. The properties constitute the entire office park. These elegant buildings offer a grand entrance with large windows and immaculate interiors. It is well-maintained, encompassing a large courtyard and ample parking.

The properties are spacious and attractive offering suitable uses for single or multi tenanted occupancy. In addition to the variety of spacious offices and team areas, the building encompasses a 90-seater auditorium and a large canteen area. Other features include, elevators, large balconies, an outside entertainment area, common area ablutions, water tank and a generator making this building the perfect space for business premises. Close to the N1 Off/On ramp. Easily accessible just off Rivonia road and close to fuel stations, public transport and the Gautrain bus route.

The property is currently 58% occupied with massive upside on the current R 4 033 938.48 per annum income. With opening bids starting at R8 000.00 per sqm, this is an ideal opportunity to pick this property up at an unbelievably competitive price.

Commercial Type:
Commercial Building
Web Reference:
AUCT-001345
List price:
POA
Address:
Mellis Court, 24 Autumn Street, Rivonia, Sandton, Gauteng
Auction Venue:
Isaiah Ntshangase Road
Durban
Durban
KwaZulu Natal
Auction Date:
18 November 2020 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by bank guaranteed cheque or EFT. No cash. FICA Document are required.
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DIRECTIONS
Auction Date: 18 November 2020 11:00 am

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