An Entire Industrial Block Measuring ±3 964m²

AUCT-001492 | Property withdrawn

An Entire Industrial Block Measuring ±3 964m²

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 ± 3 964 m². 3,5,7 Greene Street, 4,6,8 Phillips Street, 63, 65, 67, 69 Durban Street, 152 & 154 Albert Street, Johannesburg

Extent: ± 3 964 m² | Multiple tenants | Multiple properties forming one parcel sold collectively | Sought after area on 4 busy road frontages

Property withdrawn

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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 properties offer twelve adjoining erven measuring 3,964 m² in extent, comprising an entire industrial block facing Greene, Phillips, Durban and Albert Streets. The buildings comprise of steel structures with brick infill, which have been plastered and painted. The buildings have concrete flooring and a combination of IBR and corrugated iron roof. The entire portfolio is multi-tenanted and the properties hosts of a total of 15 light industrial buildings:

• Erven 733, 734, 739 and 740 is improved with 5 rectangular-shaped double volume industrial buildings each with a mezzanine floor, all of similar size.
• Erven 737, 738, 743 and 744 is improved with 5 rectangular-shaped double volume industrial buildings with mezzanine floors, however the sizes of these industrial units differ.
• Erf 735 and 736 hosts a double storey warehouse building as well as a double volume workshop with offices and ancillary outbuildings hosting ablution facilities.
• Erf 741 hosts 2 x double volume workshops each with two sets of mezzanine floors.
• Erf 742 hosts a double volume workshop with a mezzanine floor as well as ancillary outbuildings hosting ablution facilities, this building further hosts a lean-to structure.

The general use across all of these properties is light industrial; warehousing, fitment, mechanical work as well as panel beating. The properties are versatile in that they can remain in their current form but they offer massive re-development 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:
Property withdrawn
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:
28 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: 28 July 2021 11:00:00am


Luke Hearn
                                                         In2assets Representative

Property Agent


Luke Hearn
Show number
[email protected]


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