Going on Auction on 17 March 2020 @ 12pm at The Houghton Golf Club, Osborn Road, Houghton
Fully let
Lease expires 2026 with a 9 year renewal option
Tenant pays all operating cost over the property as rental
Property boasts 2 separate buildings offering multiple offices, boardrooms
The property is advantageously situated on the corner of Patterdale Road and Twin Road (which extends into the bustling Main Road just north-west of the subject property) in an established lower to medium income mixed used suburb of Benoni, known as Farrarmere. The suburb is situated to the north of the Benoni CBD, north of the Benoni Lake and N12. The immediate area is characterized by single dwellings, with a number of them similarly converted into offices. Great North Road (R23) is a primary road extending onto Bunyon Rd, linking the area to Benoni CBD and its diverse service offerings in the south, such as the Lakeside Mall and Netcare Lakeview Hospital, as well as Wordsworth High School and The Square at Farrarmere to the north. In addition, Great North Road / Bunyon Street provides the closest on- and offramps to the N12 highway situated less than 1km south of the subject property. Given the proximity of the property to the Benoni CBD, all major amenities and services are within close proximity to the property.
Auction Information
Deposit 5% of bid price
Commission 10% plus 15% VAT thereon of the bid price
Confirmation period 2 Days
Rules of auction and conditions of sale are available from our offices
Terms
R50 000 refundable deposit (strictly bank guaranteed cheque or cash transfer only). Bidders must provide original proof of identity and residence on registration. No cash will be accepted at the auction. No exceptions. All bids are exclusive of VAT. Aucor Property may bid up to reserve on behalf of the sellers. Subject to change without notification. Auctioneer: Pieter Geldenhuys
Disclaimer
Whilst all reasonable care has been taken to provide accurate information, neither Aucor Corporate (Pty) Ltd T/A Aucor Property nor the Seller/s guarantee the correctness of the information provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of Aucor Corporate (Pty) Ltd T/A Aucor Property or the Seller/s or any other person.
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