Park Village Auctions (PVA) has been instructed to auction a well-maintained commercial property in central Randfontein on November 8.
That’s the word from PVA’s Stephen Benjamin who says the property occupies a prominent position in West Porges main retail hub.
“This is a highly versatile property that would appeal to any number of investors or owners,” said Benjamin. “It has been well maintained and enjoys great visibility on a busy street with considerable passing trade.”
Located at 69 Main Reef Road, the property takes the form of a facebrick double-storey building zoned under business one. Both floors are open plan, and the current zoning allows for three additional stories to be built.
“The property boasts two main entrances, so it could be divided into separate retail stores or offices. In fact, the property lends itself to a host of various uses thanks to its layout, position within the city centre, and accessibility from arterial roads,” said Benjamin.
Main Reef Road runs through the heart of Randfontein and the property in question is conveniently located where the R41 Road splits.
Nearby points of interest and amenities include the Village Square shopping centre, the Randfontein train station and the West Rand district municipality.
The property is surrounded by a residential area, which generates a large amount of the footfall. As such, Benjamin explains that it is perfectly poised to accommodate numerous types of concerns, a wholesale outlet, a gaming arcade or entertainment centre.
Alternatively, the property can be converted into a church, a school, a hotel, residential apartments or a storage facility.
To best understand the property’s potential, Benjamin encourages potential investors to preview the it by appointment.
Call Stephen Benjamin on 082 577 9737 or on the Park Village Auctions’ property number 087 160 0521.
When and where
- The auction will commence onsite on the 8th of November at 11 am.
- Those who wish to view more details online can visit parkvillageauctions.co.za using web reference 155.