Salt River landmark sale
Savile Row seeks bids on PALS building at its Mother City launch
A FAMOUS building in Salt River is going under the hammer at Savile Row Auctions’ inaugural Cape Town sale.
SKN House, known as the PALS building, has been released to the market and will be auctioned on November 19 at the Grand Westin on the Foreshore in Cape Town.
The sale – the first by Savile Row in the Mother City – starts at noon.
Situated at 95-97 Durham Road, the building for sale lies in the heart of Salt River.
Durham Road connects Main Road to Salt River circle – granting easy access to all the major roads of greater Cape Town – and is close to bus, taxi and train routes.
Kim Faclier, managing director of Savile Row Auctions in Cape Town, said: “The building comprises in excess of 12 000m² of rentable area.
“The fact that it is zoned C2 allows for significant further development of the site.
“Furthermore, the building has three road frontages – Durham Road, Coleridge Road and Cecil Road – which will allow for easier development flexibility into the future.
“The building is also highly visible from Main Road.
“Much of the new development in Salt River has been within close proximity and has been varied in nature with both residential and commercial offerings coming to the marketplace.”
Faclier added: “Since launching Savile Row Auctions in Cape Town two weeks ago, we have been inundated with calls from sellers and buyers alike.
“This shows us that the market is primed for a new property auction company and we are thrilled with the results to date.
“Aside from this key Salt River property, we have secured many others to take to market and look forward to a successful auction on November 19.”
For more information, contact Kim Faclier on 082 554 6295 o r v i s i t w w w. s a v i l e r o w auctions.com.
CORNERING THE MARKET: SKN House, also known as the PALS building, fronts onto three roads in the heart of Salt River – Durham Road, Coleridge Road and Cecil Road.