South Africa

Prime Eloff Street Frontage Commercial Property Up For Grabs

Park Village Auctions is set to bring a prime commercial property with high visibility from renowned Eloff Street in New Centre, Johannesburg to market by way of public on-site auction.

“This is an auction that Inner City investors don’t want to miss,” says PVA’s Nic Techmann, who believes that the property’s location and zoning add to its appeal.

Techmann, “The premises is zoned commercial with retail and warehousing rights. With its Eloff and Laub Street frontage, the building lends itself to such applications as well as commercial office space. Its New Centre centrality means that it is easily accessible from the M1 and M2 highways, as well as the Faraday and Village Main train lines.”

Located on the famous Eloff Street, number 192 takes the form of a three-storey concrete building with a secured under-roof front entrance, a reception area, individual offices, storerooms, a kitchen, cloakrooms and undercover storage yard on the ground level.

While the premises previously housed a school for four years, internal dry-walling that portioned the classrooms have been removed, leaving the upper levels with an open-plan layout.

Further internal finishes include marble and granite tiles in the reception area, uncovered screed and wall to wall carpeting throughout, reinforced concrete slabbing forming the flooring of the upper levels covered with suspended ceiling panels.

The premises also features 18 parking bays located at the front of the building, which is directly accessible via Laub Street. The yard surface is described as “macadamized” in the staff parking area.

Located in the side yard and with access from Laub Street via industrial roller shutter doors, is a steel and corrugated iron roof structure, currently utilised as a covered storage area. The street front is unbounded, with the remaining sides being bounded by palisade security fencing approximately 2.2m in height. The driveway entrance to the staff parking has been fitted with a sliding gate.

The total improvements measure approximately 2,214 square meters set astride land measuring 965 square meters.

The auction will commence at 11 am on Wednesday the 21st of October. Prior viewing can be arranged by appointment by contacting Nic Techmann on 083 383 7366. More details are available on www.parkvillageauctions.co.za under listing number 573.