79167 Large Office building currently used as Shared Office Spaces

19th Aug 2022

19th Aug 2022

10:00 am To 11:00 am

25 Village Road, Selby, Johannesburg, Gauteng, South Africa

https://bidx1.com/en/south-africa/property-for-auction?auctionids=4340&salestatus=34,36,37,38,39,41,42,43

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Event Description

Co – Workspaces in Selby, Johannesburg, South Africa
Large Office building currently used as Shared Office Spaces

– GLA 3 182 sqm –

Invited Opening Bid R15 000 000

Address: Village Road 25, 23, 21, Selby, Johannesburg, Gauteng, South Africa

Property Summary

  • Current Rental Income p/m – R170,563
  • Potential Rental Income p/m – R442,641
  • Additional Income – R34,118 *admin,late,penalties,contract fees,tags, recoveries etc
  •  Zoning: Commercial
  •  Erf Size: 1 701 sqm
  •  Rates: R13,216.77 p/m

Property description

122 Rentable Units

  •  51 x coworking spaces
  • 66 x office rentals
  • 5 x virtual offices
  •  1 x Warehouse
  •  12 x Self Storage Units

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