BIDX1 will be selling a commercial building in Greenside in its online multi-property auction on July 29.
Well situated in Gleneagles Road, the building has a GLA of 1 552m² consisting of retail, commercial and studio space, and is on two erven of 88m² and 56m². The opening bid price is R12 million.
“Tenanted with a rental income of R2.379m per annum – with potential for increased income – this versatile and trendy property has high appeal for the savvy investor,” says MC du Toit, the chief executive of BidX1 South Africa.
Greenside is ideally positioned, bordering the suburbs of Parkview, Parkhurst, Emmarentia and Victory Park, and close to Village Green Shopping Centre, Pirates sports and rugby club, Sir Lionel Phillips Park and Parkview Golf Club.
Among other properties…