Prime site an ur­gent sale

Weekend Argus (Saturday Edition) - - AUCTIONS -

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.

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