Prime redevelopment site
A PRIME redevelopment site in the heart of the Wynberg station business district will be auctioned at the next ClareMar t Multi pl e Commercial Auction.
The property, at 1 Broad Road, has a general B1 zoning and consists of two erven with a combined extent of 1 899m² and a building extent of 2 325m². The property cur- rently boasts an annual rental income of R800 000 excluding VAT. “With month-to-month tenancies in place, the property offers massive up-side r e n t a l a n d r e d e ve l o p me n t potential. New owners can easily upgrade to attract further tenants and leases can be renegotiated,” explains sales director Farrell Perling.
The property can be viewed on Tuesday from noon to 3pm.
For more information, contact Far rell Perling on 072 040 7274 or 021 425 8822, or visit www.claremart.com for a full property catalogue.
MASSIVE POTENTIAL: The property, in the heart of the Wynberg station business district, has a general B1 zoning and consists of two erven.