Landmark sites up for grabs
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.