Buyers market still prevails
If investors are prepared to buy now with a view to holding onto their investments for another two to four years, we believe they will without doubt reap the benefits.
He says there are a number of commercial properties which will be auctioned by Aucor at its next multi-property auction, and highlights two sales.
The first is multi-tenanted industrial premises with offices, situated in New Centre, Gauteng. The 7946m² site comprises five erven with a gross lettable area (GLA) of 6033m². It consists of four sub-sections, each with its own entrance and parking. The property has been well-maintained and is located on a main arterial route to and from the M2 highway. Current tenants, which all have industrial and office space, include Stanlic, a Bidvest subsidiary, Jasper Manufacturing and M&M Hiring, both of which are long-term tenants. M&M Hiring is the largest tenant in terms of occupied space, and each tenant has a lease in place. Net annual income is R1,7 million. This is a solid opportunity which is already generating a good return, and will sit well in a commercial portfolio, says Winterstein.
He says another option for buyers to consider is an entire residential complex in Rant-en-Dal comprising 109 fully-let units. This is the most phenomenal opportunity currently generating a secure income stream. Net monthly income is R350 000,00, which will certainly increase over time as the residential market firms.
Winterstein says the 24 929m² site with a GLA of 11 424m² is located in a well-established residential area in the West Rand. All necessary amenities such as retail, medical and educational are situated in close vicinity. The complex itself boasts 109 residential units comprising 80 simplexes, 19 duplexes, 72 two-bedroom units and 35 three-bedroom units. There is one four-bedroom and one one-bedroom home and each unit has its own garage, with open parking for visitors. The property is well-maintained and thanks to its face brick construction, upkeep is minimal. Other features are a communal pool area, childrens playground, club house and guarded access control.
Other properties coming under the auction hammer on the day include:
The auction will be held on Thursday 25 March at 12:00 at the Inanda
Club, Forrest Road, Inanda. Anyone requiring more information on these
properties can log onto www.aucor.com
or call Aucors call centre on 0861 28 28 46.
Article from: www.eprop.co.za