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Uitenhage industrial land on online auction
Two plots of industrial land in Railside Park, Uitenhage will be auctioned online. Photo:GOOGLEMAPS

TWO plots of industrial land in Uitenhage industrial park will be going on an online auction on June 24 at noon, courtesy of Rawson Auctions Western Cape.

The subject land can be sold as either one or two lots.

In a statement issued by Rawson Auctions, it is said there are plans in place for the two sections, RR3 and RR6, which span 4,964m² and 5,400m² respectively.

They are of Type C in the sectional title scheme – the floor plan of which comprises a factory/warehouse building with mezzanine office space and roll-up shutter doors to the front and side of the building. The building will also have a reception area, ablution facilities and a storeroom.

Construction of the two Type-C buildings must commence within 20 years, beginning 2011, which gives buyers just over 10 years.

In the park, the general rate per metre squared is R150/m² – however, for these two sections, this has been majorly discounted to a reserve rate of R80m², almost half of what is market related.

This makes for an outstanding opportunity for investors and developers, as the park, Railside Park, located at 2 Brickfields Road, is well-positioned, situated close to all major transport routes.

It is also very secure, with 24-hour security in place – and as a result will mostly be quite easy to tenant. Other existing companies and buildings in the park include Eastcape Midlands College and VWSA.

“There are certificates of real rights available and can be sold separately if buyers are interested,” said Tanya Jovanovski, Franchisee of Rawson Auctions in Western Cape.

“Currently, the sections remain unregistered and as a result no levies and rates can be provided at this moment. Given the current existing buildings in the security park, the land itself is obviously conducive for industrial building and will pose little problem,” said Jovanovski.

The reserve price will be R830 000 sold as one lot. If sold individually - Plot RR 3 - R398 000 and Plot RR6 - R432 000 - however, all offers will be reviewed.

How to bid online

To bid online you first need to register on www.instantproperty.co.za.

A completed registration, your ID and FICA documents will be required per auction. These should be e-mailed to tanya.auctions@rawson.co.za.

Interested parties are requested to submit all offers on the Rawson Auctions standard terms and conditions offer to purchase which is available online , or a copy of which can be obtained by contacting the auctions team on auctions.info@rawson.co.za or 079 980 3457.

  • For more information about this property contact Hans Buys on 082 964 6852 or Tanya Jovanovski on either 082 411 9599 or 079 980 3457.
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