Park Village Auctions will auction two large Industria West-based commercial properties.
That’s the word from PVA’s Jaco du Toit who says that investors seeking to capitalise on the strong rental demand for manufacturing and warehousing accommodation need not look further.
The auction will start at 11am on November 15, with the sale of 1 Jonathan Road. The double-storey industrial building comprises on the ground floor of a workshop for manufacturing, storerooms, two offices, a staff kitchen, and staff toilets.
The upper level contains partly constructed offices, additional storerooms and an open-plan area for use as another workshop or warehousing and features a gantry rail that is accessible from the front of the building. The property measures 1 457m².
Following immediately after that, 4 Jonathan Road goes under the hammer – a neat, double-volume industrial warehouse or workshop. The ground floor features a reception area, a staff kitchen and cloakrooms. A steel spiral staircase leads to a spacious open-plan office with split air-conditioning on the upper level.
Additional features include a single-storey building with staff change rooms and toilets near the main gate. The property measures 3 421m².
Jonathan Road is just off Albertina Sisulu Road and easily accessible from both the Johannesburg CBD and the N1 Western Bypass. with the Croesus and Industria train stations nearby.
Says Du Toit: “Both properties represent excellent buy-to-let opportunities. Each property has industrial one zoning and the layout is fairly open plan catering for a variety of uses and thus potential tenants.
“For example, number one would be suitable for tenants involved in panel beating, mechanics or metalworking – or any assembly work for that matter. It also has great exposure to Commando Road. Number four lends itself well as a warehouse and distribution centre.
“Results from Johannesburg Industrial Property Report for the second quarter of 2017 shows that exports have increased by 4.7% and with that demand for warehousing accommodation.
“The report further states that the city has an average vacancy rate of 5.0% and, despite the economic climate, rentals in the sector have grown. “This goes to show that commercial property remains a stable and reliable asset for income generation.”
When and where
Viewing will take place one hour before the start of the auction.
Alternatively, appointments for viewing can be arranged by calling Park Village Auctions on 087-160- 0521.