Specialists in the niche online property transacting market, Quoin Online has brought several commercial properties (disposed of by Nedbank) onto the market with the intention of offering investors a unique opportunity for their portfolios.
“The sale of these properties presents investors and developers with a rare opportunity to acquire institutionally held properties in well-located areas. And they are sizeable properties, so investors can undertake large developments, whether for refurbishments or redevelopments” says Quoin Online’s Wayne van der Vent.
Three of these properties are situated in Gauteng, two properties in Cape Town and the remaining two are in Windhoek in Namibia with a total gross lettable area of more than 57 000 meters squared.
Quoin Online’s deal with Nedbank has enabled the banking institution to dispose of a portfolio of properties located in two countries through one single sales platform: “And the fact that our platform is being used by a banking corporate such as Nedbank, which has numerous governance requirements, gives us a fair amount of credibility“.
Wayne says that the benefits for potential investors using the Quoin Online platform are that they are all given equal access to the available information: “All of these properties are in good areas, and well located“. “Because these properties have housed Nedbank, they have all been maintained to the bank’s standards. So investors will be buying well-maintained properties. And some of them will come with Nedbank leases, so investors will also be buying strong income streams“.
The largest of the seven properties is Nedbank Park situated on Press Avenue and Main Reef Road in Selby, Johannesburg, within 5 km of central Johannesburg next to the Edcon distribution centre, Makro and China Mart. In addition to offices, boardrooms and a restaurant on the premises, other features include a fully equipped auditorium, a data centre and a building customised to accommodate a crèche with a playground and play equipment for children.
In the Western Cape, one of the properties is in Mooreesburg, at the heart of the region’s wheat industry and the other is situated in Paarl, with its breathtaking views of the Berg River and surrounds. Among the features of this building – with more than 9 300 meters squared across six floors – are ample meeting, board and conference rooms, a staff restaurant, a braai area, two onsite generators and three un-uninterruptible power supply systems.
One of the two properties in Windhoek in Namibia, is the bank’s architecturally impressive Business Centre in Guthenberg Street. The freestanding block, with its art deco facade, situated in the western precinct of the historic Ausspanplatz, is located close to the Maerua Mall and residential areas and it has easy access to major roadways. The other property is the bank’s head office in Dr Frans Indongo Street, in the bustling financial hub of Windhoek. With more than 6 000 meters squared of leasable space and prime positioning, the building is ideally located as a company head office.
“We believe that this deal, which has allowed for an international portfolio of properties to be disposed of on one platform, is an indicator of how disposals will be done in the future” concludes Wayne.
