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Property
Description

Property Description

The voortrekker street is the main road that runs through Vereeniging CBD and is the centre of the commercial node. Most of the buildings are retail, showroom, or offices facing each other. The basic grid pattern of the town has arterial roads which cross Voortrekker at intersections, the above building is at one of these major intersections with Kruger Avenue, on the eastern (or Vaal River) side.  

The building is a 2-storey mixed-use with retail space on the ground floor and 1 floor of offices above. The tenant on the ground floor is Nedbank and the tenant occupying the offices in SASSA. The land size is estimated at +-2000m2. Its I made up of 2 even the 1st and on the corner is erf 361 portion 0.

Net Annual Income = R1.9mil.

Info pack on request contains more details:

• Tenancy Schedule 

• Annual Budget 2021-year end

Area Description

Vereeniging is a city named after the Dutch word that means ''Union". It is situated where the Klip River empties into the northern loop of the Vaal River and also forms as one of the constituent parts of the Vaal Triangle region. The city is currently one of the most important industrial manufacturing centres in South Africa, with its chief products being iron, steel, pipes, bricks, tiles, and processed lime. 

Various health services can be found in the heart of Vereeniging. Most of these services are in or near the major medical centres. These include Vereeniging Medi-Clinic, Midvaal Private Hospital and Kopanong Hospital, among others. The area is also well-serviced with adequate educational facilities from foundation to tertiary level including a campus of the University of South Africa and Damelin College.

PROPERTY TYPE:
Commercial

PROPERTY ADDRESS:
17 Voortrekker Street , Vereeniging Central - Property Ref: F107064, Emfuleni , Gauteng

AUCTION ADDRESS:
Masingita House , 41 West Street, Houghton Estate , Johannesburg , Gauteng

AUCTION DATE:
2021-05-26

AUCTION START TIME:
12:00

KEY FEATURES

GBA: 2539m2

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