An Entire Industrial Block Measuring ±3830m²

AUCT-001492 | On Auction

An Entire Industrial Block Measuring ±3830m²

3,5,7 Greene Street, 4,6,8 Phillips Street, 63, 65, 67, 69 Durban Street, 152 & 154 Albert Street, Johannesburg Central, Johannesburg, Gauteng

PORTFOLIO DISPOSAL: An Entire Industrial Block Measuring ±3830m². 3,5,7 Greene Street, 4,6,8 Phillips Street, 63, 65, 67, 69 Durban Street, 152 & 154 Albert Street, Johannesburg

Extent: ±3830m² | Multiple tenants | Gross Annual Income: ±R1 608 600 | Multiple properties forming one parcel sold collectively | Sought after area on 4 busy road frontages


Locality:
Johannesburg CBD, is one of the main business centres of Johannesburg. There are significant movements to revive the area. The subject property is located within the area of City and Suburban which is a suburb of Johannesburg. It lies just east of the City Centre. The area is comprised of both a residential and business area. The area that is currently the Central Business District has been the central area of Johannesburg nearly since its inception. Its central location in the city as well as careful planning led to it being chosen as the best location for residential and commercial development. City and Suburban is a thriving business node and offers a wide variety of services.

The subject property comprises multiple erfs but will be sold as one parcel. The sale forms part of a larger portfolio sale with similar style properties around City and Suburban. The properties are versatile in that they can remain in their current form but they offer massive redevelopment potential. The location of these properties are key and offer a variety of possible uses.

Commercial Type:
Industrial Property
Web Reference:
AUCT-001492
List price:
POA
Address:
3,5,7 Greene Street, 4,6,8 Phillips Street, 63, 65, 67, 69 Durban Street, 152 & 154 Albert Street, Johannesburg Central, Johannesburg, Gauteng
Auction Venue:
Mount Edgecombe Country Club
Mount Edgecombe
Durban
KwaZulu Natal
Auction Date:
14 July 2021 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

Bidding opens in


Auction Date: 14 July 2021 11:00:00am


Luke Hearn
                                                         In2assets Representative

Property Agent


Luke Hearn
071 351 8138
[email protected]


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