- Auction date & time: Thurs 22 July @ 12:30pm
- Auction Venue: Bid online, bid on Zoom or bid by phone
- Property Address: 100 Kitzinger Avenue, Brakpan (Viewing by appointment)
The property consists of 2 buildings:
- The main building – a massive warehouse with offices, previously tenanted by OK Bazaars. The main warehouse (which accommodated the General Merchandise and Supermarket plus a mezzanine office section) is 5 551m2 in size.
- The secondary building has 10 retail shops and some storage space. Shops 1 to 10 are respectively 320m2, 127m2, 107m2, 139m2, 169m2, 118m2, 118m2, 118m2, 118m2, and 113m2 in size. The storage area is 142m2 in size.
- Excellent natural lighting and ventilation.
- The property is currently vacant and not generating any income.
- The total monthly holding costs (rates & taxes, electricity, water, sewerage) of the property are currently around R30 700.
- This property would be ideal for a business entity requiring some warehouse or storage space with offices and a retail outlet. Alternatively, it would be ideal for redevelopment.
GLA: 7 140m2
Land size: 12 300 m2
Zoning: Business 1
Coordinates: -26.2363, 28.3700 Alternative format: 26°14’10.7″S 28°22’12.0″E