Opening Bid
R14,500,000

Investment

LOT 272

2 Bunsen Street, Industria West

  • GLA
    8,026m2
  • Occupancy
    85%
  • No. of Buildings
    3

Online Auction
27 Jan 2022 - 27 Jan 2022

Auction will start in:
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Property Description


HIGHLIGHTS


THE STORY

This is a listed fund disposal of a multi-tenanted investment portfolio consisting of 5 large units with a total GLA of 8026m2, four of which are currently tenanted making this an ideal opportunity for a potential owner-occupier or an investor looking to buy properties with good upside potential.

Warehouse 1 - 1,300m2

Warehouse 2 - Being rebuilt (1,066m2)

Warehouse 3 - 1,675m2

Warehouse 4 - 2,485m2

Warehouse 5 - 1,500m2

Industria West is a well established heavy industrial node close to Johannesburg CBD. With national tenants as neighbours such as Anchor Yeast, Medal Paints, Pioneer Foods, Bantex SA, and Caxton Printers to name a few.

The one unit recently sustained fire damage and is being rebuilt, covered by insurance. The GLA of this unit is 1066m2 and rebuilding should be complete before June 2022.


VIEWINGS: Contact Aiden Van Dyk (details below) for more information or to arrange a viewing

REGISTRATION FEE: R50 000 (refunded immediately if not winning bid)

BUYERS PREMIUM: 5% ex VAT

NOTE:

Please note the following will be required to register to bid:

DISCLAIMER: No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidStream or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidStream or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidStream or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, or inaccuracy of description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidStream or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidStream or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidStream or the vendor.

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Contact

 

Aiden Van Dyk
[email protected]
BidStream
071 684 2814
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