AUCT-001783 | On Auction

Prominent Retail Property in Johannesburg North

Until Our Next Auction
17 November 2022 | 11:00:00 am

  • How we Work
    2022-11-17 11:00:00
    Prominent Retail Property in Johannesburg North

    Prominent Retail Space. Section 1 & 2 SS Boundary Corner, Malibongwe Drive, Northriding, Johannesburg

    Property 1: ± 275m² | Property 2 : ± 288m² | End-user opportunity as current tenant will vacate

    Northriding, Gauteng


    This property occupies a prime location in an industrial node on Malibongwe Drive in the north-west of Johannesburg which is set midway between Randburg and Cosmo City.

    Malibongwe Drive is the main arterial road running through North Riding and is primarily occupied by industrial premises geared towards manufacturing, warehousing, and logistics.

    The property is situated on the corner of Malibongwe Drive and Boundary Road and enjoys excellent exposure to high volumes of passing vehicular traffic, with easy access to the Witkoppen Road and the N1 highway.

    The location of the property falls within the boundaries of North Riding, in a township known as Boundary Park Extension 1 and forms part of the greater Randburg region. The property is bounded by the Kya Sand and Hoogland industrial and commercial nodes, which is home to many industrial and commercial properties.

    Surrounding properties in the immediate vicinity include Furniture Warehouse, Van Acht Windows and Doors, House of Demo (LG & Samsung), Albany Bakeries, Storage King, B Braun, Tiletoria, Nemtek, U-Light CTM etc.

    Most amenities are available in the nearby Kya Sand, Cosmo City, North Riding and Hoogland areas.

    This property offers 2 very well-located sectional title retail units measuring 563 m2 in total. The units are well-accessed via a boom gate on Boundary Road, in a sectional scheme complex known as Boundary Corner. The units have direct exposure towards Malibongwe Drive and is highly visible to the passing traffic.

    The units offered are currently joint and operates as one entity, however it can be divided and sold separately.

    The units offer an open plan retail shop with a pay desk and changing / fitting rooms, ablutions, and kitchen facilities as well as storerooms (including a single garage which can be accessed externally and forms part of Unit 1).

    The external structure is a double-storey brick building of which the units are situated on the basement level (ground floor). It is a plastered and painted brick building with timber window and door frames. The internal structure comprises of plastered and painted brick, smooth concrete flooring, fluorescent lighting and a concrete roof, the internal layout is mostly open plan and can be re-configured to suit any specifications.

    The sectional scheme Boundary Corner offers a very neat commercial complex with brick buildings and brick paved parking areas. Parking is available in the complex.
    Commercial Type:
    Retail Space
    Web Reference:
    AUCT-001783
    List price:
    POA
    Address:
    Section 1 & 2 SS Boundary Corner, Malibongwe Drive, Northriding, City of Johannesburg Metropolitan Municipality, Gauteng
    Auction Venue:
    Mount Edgecombe Country Club
    Durban
    KwaZulu Natal
    Auction Date:
    17 November 2022 11:00 am



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

    Related Documents

    Loading related documents...

    Property Agent
    Luke Hearn
                                        In2assets Representative

    Luke Hearn

    Show number

    lukeh@in2assets.com

    Fill in the below enquiry form &
    We will get back to you shortly.
    WhatsApp