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Liquidation On-site auction: 7 x P-Grade Sectional Title Office Units in Illovo, JHB 

Liquidation On-site auction: 7 x P-Grade Sectional Title Office Units in Illovo, JHB 

11apr11:00 am11:10 pmLiquidation On-site auction: 7 x P-Grade Sectional Title Office Units in Illovo, JHB Liquidation On-site auction: 7 x P-Grade Sectional Title Office Units in Illovo, JHB 

Event Details

Liquidation On-site auction: 7 x P-Grade Sectional Title Office Units with Parking Bays & Storerooms in Illovo, Johannesburg


Liquidation On-site Matter information:

LITTLE RIVER TRADING 191 (PTY) LTD (IN LIQUIDATION) MRN: G000682/2023


On-site Auction information:

Property Address: 35 Ferguson Road, Illovo Johannesburg 

Auction Date: Thursday, 11 April 2024 at 11h00

Auction Venue: On-site (35 Ferguson Road, Illovo Jhb) 

Viewing: Thursday, 4 April (10h00 – 14h00)


Property Description:

The building features a 5-storey concrete structure clad with specialized walls. These walls have insulation inside, contributing to the complex’s “green” design.

Access between the basement and upper floors is by means of 3 Mitsubishi lifts.

Each tenant individually controls the central air-conditioning installed in the building.

Additionally, the building features the latest technology, including smart boardrooms, a high-technology security system, and fingerprint access.

The building also offers multiple storerooms (mostly in the basement), garden space, small yard space and balconies. 


Summary of 7 x P-Grade Sectional Office Units in Illovo:

  GLA Parking Bays  Visitors Parking’s
Section 1 (Proposed sections 6 & 7) ± 441 m² (Combined Extent) 20 2
Section 2 ± 335 m² 15 2
Section 11 ± 1468 m² 64 9
Section 21 ± 1466 m² 64 9
Section 33 ± 605 m² 25 4
Section 51 ± 247 m² 11 2
Total: ± 4562 m² 199 28


Summary of 10 x Storerooms in Illovo:

Section EUA Number Size (m²)
Unassigned S1 17
Unassigned S2 19
Unassigned S5 19
Unassigned S6 19
Unassigned S7 22
Unassigned S8 19
Unassigned S9 19
Unassigned S11 19
Unassigned S12 19
Unassigned S13 24
     
Total   196


The Office Units will be sold as follow: 

Order of sale of the upcoming lots:

LOT 1: Section 2 with allocated parking bays 

LOT 2: Section 6 (Proposed section 6 now still section 1) with allocated parking bays

LOT 3: Section 7 (Proposed section 7 now still section 1) with allocated parking bays

LOT 4: Section 11 with allocated parking bays

LOT 5: Section 21 with allocated parking bays

LOT 6: Section 33 with allocated parking bays

LOT 7: Section 51 with allocated parking bays

LOT 8-17: Storerooms (will be sold individually)

LOT 18: All of the above lots to be sold together

Note: More information is available on request.


Terms & Conditions:

1. R20 000 refundable registration fee payable.

2. FICA documents to register. 

3. 10% Deposit payable on the fall of the hammer 

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Time

11 April 2024 11:00 am - 11:10 pm(GMT+02:00)

Location

LIQUIDATION ON-SITE AUCTION: 7 X P-GRADE SECTIONAL TITLE OFFICE UNITS IN ILLOVO, JHB

35 Ferguson Road, Illovo

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