Two choices for investors

IN2ASSETS has an investment opportunity with the auction of two properties on Thursday at 11am.

The first to go under the hammer is about 7 000m² of multilevel warehouses/ factories at 332-336 South Coast Road, Rossburgh. The property enjoys good exposure to high volumes of traffic on South Coast Road, with easy access to the M4 Southern Freeway and the N2 Freeway.

It is bounded by the Jacobs and Clairwood industrial and commercial nodes.

The seven-storey industrial building, commonly known as 88 Group House, is serviced by two goods hoists and a passenger lift to each level.

The ground floor fronting South Coast Road comprises a retail shop and a workshop. Floors one to five are similar in layout and each level comprises a large open-plan warehouse or factory. The sixth floor consists of the roof, that is slabbed and houses the goods hoists service rooms.

All moveable items, as well as the air conditioners and the covered structure at the front of the workshop, belong to the tenant and are excluded from the sale. The property will be sold partially tenanted.

The second property, at 38 Prospecton Road, Prospecton Industrial, is a 1 289m² space, with warehouse and retail shops/offices. It is in a traditional well-established industrial area, about 150m away from the N2 Freeway and at the corner of Prospecton and Joyner roads. The mixeduse property is in a sought-after area and was previously occupied by national banks. The configuration can accommodate eight or so tenants.

The property comprises three retail shops/offices that front Prospecton Road,

two of which are double volume; a warehouse accessed off Prospecton Place and a configuration of open-plan and individual offices on the first floor.

The first shop/office comprises an open-plan area with a mezzanine level that has an ablution facility, kitchenette and an

office. The second shop/office comprises an open-plan area on the ground floor with four drywall-partitioned offices and a mezzanine level with drywall offices.

The third largest shop/office comprises a large open-plan area with ablution facilities and a kitchen. Mezzanine levels are on the plans. There are four offices and a showroom on the first floor.

Viewing for both the properties is by appointment only. Call Virend Deonarain at either 071 383 1735 or 031 574 7600, or email vdeonarain@in2assets.com.

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