Prime site an urgent sale
CLAREMART Auction Group will auction a landmark building on Marine Drive in Paarden Eiland at its next Multiple Commercial Auction.
The nati onally t e nanted KTM building, situated at 44 Marine Drive, offers a corner site with high exposure to passing trade.
According to agent Andrew Edelstein, the auction is an urgent forced sale. “The building currently yields a healthy rental return of R800 000 per a n nu m, i n c l u d i n g s i g n a g e i n c o me, a n d w i t h f u r t h e r scope for additional bulk there is potential to increase income.”
The group has included the prime Paarden Eiland property in its August portfolio, which will fall under the hammer on Wednesday, August 26, at 12.30pm in the Garden Room of the Mount Nelson Hotel. The property can be viewed on Thursday, August 19, between 12pm and 3pm.
For more information, contact Andrew Edelstein on 082 940 0478 or 021 425 8822 or visit www.claremart.com.
LANDMARK: This Marine Drive property yields a healthy rental return.