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Property
Description

Property Description 

This high-exposure development site consists of 5.4HA land zoned Business 1 with a fuel tank facing onto the N12 freeway. 

This site has been operating as a Putco buses depot in Soweto for several years. There is income from the Vodacom tower and signage. The current lease with Putco expires in December 2023. 

The land has mineral and precious stone rights attached to it with the property.

The depot comprises three free-standing single-storey buildings, consisting of a change room with an adjoining security house, an office building adjoining a compressor/oil storeroom, and a canteen with an extent of 1 585m2  

There are two sections within the property separated by a fence; the bus storage/parking area and a car/bus repair area.

The buildings are brick-built with steel framed windows under a flat IBR sheet roofing. The property is enclosed by way of pre-cast walling, with steel gate doors.

Features

• Zoning: Business 1 

• Size: 5.4HA 

• Fuel tank capacity: 105 000lt 

• GLA: 1 585m2

• N12 Highway frontage 

• Billboard income: TBC

• Vodacom tower: R5 674.06

• Putco buses income: R159 000.00 

• Mineral rights 

• Paved 

Potential: 

Due to the site's strategic location, there may be an opportunity to operate the following uses: 

1. Diesel Depot

Due to the site’s proximity to the nearby industrial node and access to the N12 the site may be viable to operate as a diesel depot. The litreage will be confirmed. 

2. Retail Center 

The property lends itself to retail development due to the proximity to surrounding dense residential nodes to the North and East of the property. The site has maximum exposure to the N12 and is strategically located near major arterial routes 

3. Low-Cost Housing 

The site is located adjacent to an existing informal settlement and there is a need for low-cost housing in the area

4. Industrial 

The land is located to the North of an established industrial node and lends itself to an industrial facility due to the strategic location alongside the N12 freeway 

°  The above property uses may require re-zoning.

Area Description

Soweto is a township of the City of Johannesburg Metropolitan Municipality in Gauteng, South Africa, bordering the city's mining belt in the south. Its name is an English syllabic abbreviation for South Western Townships. Formerly a separate municipality, it is now incorporated in the City of Johannesburg Metropolitan Municipality. The locality Nancefield suburb of Eldorado Park is located in the district of the City of Johannesburg in the province of Gauteng

Amenities

Turf Ave & Klipspruit Valley Rd 4.7km

Jamila Center 3.1km

Eldorado Park Ext 9 Clinic 0.8km

BP, Cavendish St 2.5km

Delrado Primary School 1.5km

Shoprite Devland 5.1km

PROPERTY TYPE:
Commercial

PROPERTY ADDRESS:
Putco Depot , 12 Cuming Road , Nancefield - Property Ref: F107490, Soweto , Gauteng

AUCTION ADDRESS:
The Killarney Country Club, 60 5th Street, Houghton Estate, Johannesburg, Gauteng

AUCTION DATE:
2022-08-17

AUCTION START TIME:
11:00

KEY FEATURES

ERF SIZE: 54023m2 | GBA: 1585m2


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