TELKOM-000082 | On Auction

TELKOM PORTFOLIO: Telkom House, Port Elizabeth

206 Strand Street, Gqeberha, Nelson Mandela Bay Metropolitan Municipality, Eastern Cape

TELKOM PORTFOLIO: Iconic Building in Gqeberha. 206 Strand Street, Gqeberha (Port Elizabeth) Central

Extent: ± 2 026 m² | GLA: ± 11 824 m² | 2 Commercial buildings situated in CBD close to the Port Elizabeth Harbour | Building 1 is made up 6 stories and Building 2 of 7 stories | Buildings are made up office and administration facilities | Great exposure


Queberha CBD Frontline Property

As part of another Telkom Portfolio Sale In2assets presents a commercial property in the CBD of Port Elizabath known as Telkom House.

This multi storey property, fronting Strand Street, offers the opportunity creating a letting pool or redevelopment for residential purposes.

The subject property comprises a large commercial building previously used as an exchange, comprising mostly offices with large server room areas, as well as storage space with a large basement parking area to the lower level on to Strand Street. The accommodation features of each can be summarized as follows:

Basement level
This level is located to the lower part of the property on to Strand Street, which comprises mostly parking bays over two levels, a security office, ablutions and various store rooms.

Ground Floor
This level has a large foyer to the front with a reception area with a lobby with one lift, as well as a second lobby area to the back with two lifts. This level also has various offices, male and female ablutions and storage space.

As per the measurements extracted of the As Built drawings / plans, the property has a Gross Building Area of ± 11 824 m² which is made up as follows:

Basement ± 1 243 m²
Ground Floor ± 1 743 m²
First Floor ± 1 744 m²
Second Floor ± 1 593 m²
Third Floor ± 1 375 m²
Fourth Floor ± 1 372 m²
Fifth Floor ± 1 376 m²
Sixth Floor ± 1 378 m²
*The above measurements should be used as a guideline only.


First Floor
This level has a lobby area which leads to a passage way leading to various offices, male and female ablutions and a large area used as an exchange, for equipment storage.

2nd Floor – 6th Floor
These floors have a similar layout in general, each with two lobbies similar to the lower levels with various offices, boardrooms, storage area, each level with a male and female ablution area as well as staff rooms.

The building in general is a brick and mortar structure under concrete roof, with plastered and painted interior walls, with concrete floors covered with carpets, vinyl and tiles, suspended ceilings with centralized air conditioning and fluorescent lighting.

The site is accessible from two entrances, a vehicular access point into the basement parking levels to the back from Strand Street and then pedestrian access via the front lobby off Vuyisile Mini Square, off Govan Mbeki Avenue to the front.

Key Features:

Ideal Location:
Situated on Strand Street and facing the M4 Freeway this property is accessible from all parts of town.
Nearby are all the major retail outlets and eateries that form part of the vibrant inner city.
The PE harbour is in walking distance which offers a great opportunity for a harbour related business.

Vacant Occupation:
The property will be sold with vacant occupation

Conclusion:
A property of this magnitude has not hit the Eastern Cape market for a long time and offers many options for a discerning investor.

This property forms part of a National Telkom Portfolio. To view all properties within this portfolio, please download the catalogue or contact us on info@in2assets.com.

Commercial Type:
Commercial Building
Web Reference:
TELKOM-000082
List price:
0
Address:
206 Strand Street, Gqeberha, Nelson Mandela Bay Metropolitan Municipality, Eastern Cape
Auction Venue:
Mount Edgecombe Country Club

Auction Date:
20 June 2024 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50,000.00 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

Bidding opens in


Auction Date: 20 June 2024 11:00:00am


Brad Dowlman
                                                         In2assets Representative

Property Agent


Brad Dowlman
Show number
bdowlman@in2assets.com


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