Double bargain in Cape Town

NORTHERN SUBURBS: TWO PROPERTIES GOING UNDER THE HAMMER IN SOUGHT-AFTER AREA

Up for grabs are a mixed-use commercial site and warehouse in industrial node of Killarney Gardens.

Nexus Property Group has received instruction to auction two properties in the northern suburbs of Cape Town. The first property, a mixed-use commercial site located in the central residential node of Goodwood, is a unique offering as it includes a factory with reception and offices in excellent condition.

The second property comprises a warehouse in the main industrial node of Killarney Gardens.

Greg Nafte, Co-Director of Nexus Property Group (NPG), says that both properties will be auctioned on July 18 from noon at 125 Waterkant Street in Green Point.

“This auction presents both property investors and potential owner occupiers with a chance to acquire property within two leading Cape Town locations,” said Nafte.

Mixed-use commercial facility in Goodwood (23 Kimberley Road)

After over 20 years of operating their business from the premises, the current owner has vacated to expand operations. The property will be sold with vacant occupation.

This offers owner occupiers an opportunity to acquire a unique asset that has been well maintained and offers both commercial and industrial facilities in an area where unique properties such as this are seldom available.

Located a mere 40m from Voortrekker Road – offering access from several main transport routes – this property boasts several notable features, such as 150 amp electricity supply, roller shutter access, as well as a goods lift and off-street parking.

“The City of Cape Town is intending to invest several millions in funding and upgrading in order to stimulate growth and improvement in the area, and the Voortrekker Road City Improvement District has already seen positive upgrades such as CCTV installation in the Goodwood area,” explained Nafte.

Industrial property in Mil- nerton, 104 Kyalami Drive, Killarney Gardens.

The warehouse has an erf extent of 1 025m2 that includes a gross lettable area of roughly 720m2.

Having become available due to corporate restructuring, this auction presents buyers with an opportunity to acquire industrial property within an area that is in high demand.

“The property is currently tenanted and offers an attractive initial yield on a conveniently located asset,” said Nafte.