Land­mark sites up for grabs

Weekend Argus (Saturday Edition) - - AUCTIONS -

Clare­Mart Auc­tion Group will auc­tion a prime in­vest­ment prop­erty in Salt River with C2 zon­ing for de­vel­op­ment. The prop­erty is an ur­gent sale, and the group re­ceived in­struc­tion from joint liq­uida­tors Good Hope Trustees to sub­mit the prop­erty to pub­lic auc­tion.

Sit­u­ated at 37 Durham Av­enue in Salt River, the du­al­level prop­erty cov­ers an en­tire block and has ac­cess from three roads.

The prop­erty in­cludes on­site park­ing, shops and offices that are partly ten­anted. It of­fers an erf size of 862m a build­ing size of 1 276m2 and a height al­lowance of seven storeys.

“The site has po­ten­tial for a mixed-use de­vel­op­ment and of­fers a host of pos­si­bil­i­ties for in­vestors,” said sales di­rec­tor Far­rel Per­ling.

Salt River is home to a va­ri­ety of busi­nesses and ser­vice providers, and Per­ling be­lieves this prop­erty is the per­fect in­vest­ment op­por­tu­nity with po­ten­tial for ma­jor re­de­vel­op­ment. He said there was grow­ing de­mand from in­vestors for prop­erty in ar­eas bor­der­ing the Cape Town CBD.

“Salt River is see­ing a dra­matic in­crease in ac­tiv­ity, with sev­eral new de­vel­op­ments and re­de­vel­op­ments of older build­ings.”

Those in­ter­ested may view the prop­erty on Wed­nes­day, Septem­ber 2 from noon to 3pm. It will be auc­tioned on site, on Thurs­day, Septem­ber 10 at noon.

For more in­for­ma­tion, con­tact Clare­mart at 021 425 8822 or visit www.clare­mart.com.

A land­mark build­ing in Mait­land, Cape Town, will soon fall un­der the ham­mer of Clare­Mart Auc­tion Group.

The old Grand Cin­ema build­ing com­plex, sit­u­ated at 241-245 Voortrekker Road is, ac­cord­ing to auc­tion di­rec­tor Mike Baigel, an ideal op­por­tu­nity to ac­quire a site of­fer­ing a su­perb lo­ca­tion and a host of op­por­tu­ni­ties.

“The site of­fers great po­ten­tial to the se­ri­ous in­vestor or de­vel­oper as it stretches for an en­tire block, has great ex­po­sure and ac­cess from two roads,” said Baigel.

Of­fer­ing gen­eral busi­ness B2 and gen­eral res­i­den­tial R4 zon­ing, the prop­erty is built on a 1 405m² erf and is, ac­cord­ing to Baigel, “ideal for any busi­ness re­quir­ing light man­u­fac­tur­ing and dis­tri­bu­tion”.

He added: “A con­ver­sion with a res­i­den­tial com­po­nent can also be con­sid­ered.”

The prop­erty will be sold with va­cant oc­cu­pa­tion.

I m p rove m e n t s i n cl u d e ware­hous­ing and work­shop space, and three floors of street-fac­ing of­fice space. The work­shop area con­sists of two floors con­nected via a ramp and mez­za­nine stor­age ar­eas.

The offices in­clude a re­cep­tion area, pri­vate offices, open­plan ar­eas, and a bar and en­ter­tain­ment area with a bal­cony.

Pro­vi­sion is made for easy ve­hi­cle ac­cess via roller-shut­ter doors and slid­ing steel gates. The build­ing of­fers 1 287m² un­der-roof and mez­za­nine lev­els of a fur­ther 333m².

The prop­erty is in­cluded in the Clare­Mart Auc­tion Group Mul­ti­ple Com­mer­cial Auc­tion on Tues­day, Septem­ber 22 at 12.30pm at the Mount Nel­son Ho­tel. For more in­for­ma­tion on t h i s a n d o t h e r p ro p e r t i e s, con­tact Mike Baigel at 082 926 9479 or 021 425 8822, or visit www.clare­mart.com

C l a r e Ma r t Au c t i o n Group is set to bring a num­ber of res­i­den­tial prop­er­ties to auc­tion that largely com­prise in­sol­vent es­tates and ur­gent sales.

Duly in­structed by Ho­gewind Trustees, the group will sub­mit 32 Leer­dam Street, Avon­dale, in Parow for pub­lic auc­tion. The fam­ily home com­prises three bed­rooms, main en-suite, guest bath­room and toi­let, an open plan lounge and din­ing room, a garage with en­ter­tain­ment area and a builtin braai, a laun­dry, pool and Jacuzzi.

Those in­ter­ested may view the home on Sun­day, Au­gust 30, and Sun­day, Septem­ber 6, from 2pm to 5pm. It will be auc­tioned on site on Wed­nes­day, Septem­ber 16 at noon.

In­structed by KPMG Ad­min­is­tra­tion, 62 Anzio Cres­cent, Strand­fontein, will also fall un­der the ham­mer. This fam­ily home com­prises three bed­rooms, an open-plan lounge and din­ing room, kitchen, a bath­room with a shower and a garage.

Those in­ter­ested may view the house by ap­point­ment. It will be auc­tioned on Mon­day, Septem­ber 7, in the Clare­Mart Board­room, at 49 Som­er­set Road, Green Point.

A hol­i­day home in Harten­bos, which forms part of a liq­ui­da­tion mat­ter, is also up for grabs. In­structed by joint liq­uida­tors, Pro­gres­sive Ad­min­is­tra­tion, 42 Rooi Els Av­enue in Harten­bos will be knocked down to the high­est bid­der.

The face-brick fam­ily home com­prises three bed­rooms, main en-suite, two bath­rooms, and out­side toi­let, open-plan fit­ted kitchen, open-plan lounge and din­ing room, a study, bar and in­door braai and a garage for three ve­hi­cles.

Those in­ter­ested may view the prop­erty on Sun­day, Au­gust 30 from 2pm to 5pm. The auc­tion takes place on site on Fri­day, Septem­ber 4 at noon.

For more in­for­ma­tion, con­tact the group on 021 425 8822 or visit www.clare­mart.com.

Clare­Mart Auc­tion Group cel­e­brated an­other suc­cess­ful mul­ti­ple auc­tion when it put a port­fo­lio of prop­erty worth more than R350 mil­lion to auc­tion.

The group hosted its Au­gust Mu l t i p l e C o m m e r c i a l a n d Flash Res­i­den­tial auc­tions at the Mount Nel­son Ho­tel in Cape Town on Wed­nes­day.

With more than 250 peo­ple in at­ten­dance, in­clud­ing CEOs, in­vestors, de­vel­op­ers, le­gal rep­re­sen­ta­tives, me­dia and those in­ter­ested in the prop­erty mar­ket, CEO Jonathan Smiedt and MD An­drew Koch, knocked down 24 com­mer­cial prop­er­ties, fol­lowed by 23 res­i­den­tial prop­er­ties.

Smiedt said: “The com­bined ef­fect of the re­cent in­ter­est rate drop and the con­se­quent rise in con­fi­dence is the much-needed shot in the arm that will set the prop­erty mar­ket on the road to re­cov­ery.”

He main­tains that prop­erty will al­ways be a sure in­vest­ment in the long term.

For more in­for­ma­tion on how to sub­mit your prop­erty for in­clu­sion in one of the Clare­Mart Auc­tion Group auc­tions, call 021 425 8822.

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