Investors’ interest piqued by offerings

IAN WYLES will be auctioning three commercial properties for a client wanting to sell his portfolio, on May 27 at 11am. The live, as well as online, auction will be at The Oyster Box, Umhlanga.

The 410m² property at 336 Umbilo Road, Glenwood, is divided into three separate sections. It has five open parking bays and five undercover bays. Electricity and water prepaid meters are installed and there is split-level air conditioning throughout.

The Glenwood area is close to amenities, with easy access to the R102.

Number 66 Stephen Dlamini Road, Musgrave, has a gross lettable area of 180m². It comprises a reception area, a large open-plan area, two toilets and a spacious storeroom.

There are three open parking bays. Prepaid electricity and water meters are installed and the property has electric fencing and a roller-shutter door.

Number 70 Stephen Dlamini Road, with a gross lettable area of 360m², has two semi-detached units, six open parking bays, a lock-up garage and an outbuilding.

“The property represents an ideal redevelopment opportunity. We have already had calls from potential clients investigating the potential to develop the site for student accommodation,” says Andrew Giddy who is handling the sale. “These two properties can be purchased individually or together.”

The properties are within walking distance of amenities, with easy access to the N3.

Viewing is by appointment only. Contact Andrew Giddy at 082 601 9278 or 031 579 4403 or go to www.ianwyles.co.za. | Auctions Writer