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

Description

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:

 GLAParking Bays Visitors Parking’s
Section 1 (Proposed sections 6 & 7)± 441 m² (Combined Extent)202
Section 2± 335 m²152
Section 11± 1468 m²649
Section 21± 1466 m²649
Section 33± 605 m²254
Section 51± 247 m²112
Total:± 4562 m²19928

Summary of 10 x Storerooms in Illovo:

SectionEUA NumberSize (m²)
UnassignedS117
UnassignedS219
UnassignedS519
UnassignedS619
UnassignedS722
UnassignedS819
UnassignedS919
UnassignedS1119
UnassignedS1219
UnassignedS1324
   
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 

General info

35 Ferguson Road

Opens April 11, 2024

Closes March 11, 2024

additional info

Address: 35 Ferguson Road
City: Illovo, Johannesburg
Province: Gauteng
Country: Republic of South Africa
Basement: Yes

bidding info

Open date: April 11, 2024
Closing date: March 11, 2024
Terms & Conditions: R20 000 refundable registration fee payable. FICA documents to register. 10% Deposit payable on the fall of the hammer

agent info

Brandon Barnardo
brandon@bidderschoice.co.za

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