TELKOM-000091 | On Auction

TELKOM PORTFOLIO: Residential Development Opportunity in Prime Location of Randburg

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29 August 2024 | 11:00:00 am

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    2024-08-29 11:00:00
    TELKOM PORTFOLIO: Residential Development Opportunity in Prime Location of Randburg

    TELKOM PORTFOLIO: Residential Development Opportunity in Prime Location. 25 Burke Street, Ferndale, Randburg

    Extent: ± 16 670 m² | GBA: ± 3 811 m² | Zoning: Residential 4 | Main Building: Single storey with offices, boardroom, hall, storage areas and ablutions | Second Building: Single storey with offices, kitchen, ablutions | Vacant occupation

    Ferndale, Gauteng


    Panhandle Land with commercial improvements in Prime location of Randburg

    In2assets offers a unique and well positioned property in Randburg for sale as part of a national Telkom Portfolio disposal.

    The property previously used as a Telkom Training, distribution and administration hub now offers various options for re-development in an outstanding commercial precinct of Ferndale, Randburg.

    Location:
    The property is located in one of the eastern suburbs of Randburg in a township known as Ferndale. Ferndale is a well-established suburb with a mixture of residential and commercial properties. Surrounding suburbs include Kensington B (north), Parkmore (east), Blairgowrie (south) and Strydom Park (west).
    The site is accessed via Burke Street but borders onto Bram Fischer Drive, which experiences high traffic volume and provides excellent exposure. The locality offers efficient access to major business centers in the Greater Gauteng City Region via a comprehensive road network including the N1 Highway and Winnie Mandela Drive.

    Improvements:
    The subject property comprises office complex, previously used as a school, which can be summarized as follows:

    Main Building: The single storey building consists of offices (and classrooms), board room, hall with stage, storage areas and ablutions with covered walkways.
    The single storey structure offers an office, kitchen and ablutions.

    The property is fully enclosed by way of a combination of prefabricated cement slabs and face brick walls.

    There is ample designated open parking space as well as covered parking bays. The subject property features large tracts of unutilized extents and yard space.

    No movable assets will form part of the sale and are specifically excluded.

    Conclusion:
    This exceptional property represents a rare chance to acquire a prime position in this busy commercial part of Randburg.

    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:
    Mixed use Commercial
    Web Reference:
    TELKOM-000091
    List price:
    0
    Address:
    25 Burke Street, Ferndale, City of Johannesburg Metropolitan Municipality, Gauteng
    Auction Venue:
    Auction Venue to Follow
    Auction Date:
    29 August 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

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    Property Agent
    Tom Hodgson
                                        In2assets Representative

    Tom Hodgson

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    thodgson@in2assets.com

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