Industrial property in Ulundi is going on sale on July 19.
Topping the bill will be the Riviera Hotel on the Vaal River in Vereeniging, and a large warehouse with adjacent land in Meadowdale, Johannesburg.
Broll believes both properties have “tremendous potential for new owners with energy and vision”.
The imposing Riviera Hotel offers magnificent views from every room. Broll says the building needs “some tender loving care” to bring it back to its former glory days. Ideal for conferencing or business and private functions, the retreat overlooks the Riviera Golf Course and is only 30 minutes’ drive from Joburg’s CBD.
The other high-profile property among the lots is the well-positioned Tiger Brands warehouse on a 4.5 hectare corner site in Meadowdale. Comprising a gross lettable area of 12585m², the warehouse includes ancillary offices, store rooms and transformer rooms.
Other properties around the country going on auction include a mixed-use opportunity in Austerville in Durban, comprising a gross lettable area (GLA) of 1700m² on an erf of 4298m²; industrial property with a GLA of 3188m² in Ulundi, KZN; an art deco block with a GLA of 1508m² over nine floors of retail and offices in Marshalltown, Johannesburg; vacant development sites in Sandton, Fourways, Midrand, Boksburg, Springs and Elandsfontein; a motor showroom and workshops in Roodepoort; and office blocks in Bedfordview, Pretoria CBD and Port Elizabeth.
For more details call Bradley Stephenson 0877008269 or 0824437731 or email email@example.com – Auctions Writer