A building that is zoned for Business 1 purposes and currently used as a retail centre will be auctioned on behalf of a financial institution by Van’s Auctioneers on April 17 at 11am.
The property is situated at 56 Stephen le Roux Street in Vanderbijlpark. The stand measures 2 308m² in extent, and the building approximately 3 140m², with a GLA of just below 2 700m². The building provides excellent street front exposure and is close to all access routes.
It consists of two shops, one on the ground floor and the other on both the ground floor and the first floor.
The shop on the ground floor, measuring about 370m², is currently used by a tenant. It has shop space, offices, a storage room and ablutions. The gross rental income on this portion of the building is about R125 000 per annum.
The other shop features just over 1 500m² on the ground floor of the building and about 800m² on the first floor.
The ground floor has a large retail area with storage facilities and a goods receiving area. The first floor has storage facilities, a kitchenette, ablutions and staff change rooms. This part of the building also has a goods lift with 500kg capacity.
The auction will be held at the premises and buyers can find more information on www.vansauctions.co.za or the auctioneer’s Facebook page. They can also be contacted on 086-111-8267.