Prime re­de­vel­op­ment site

Weekend Argus (Saturday Edition) - - AUCTIONS -

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.

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