Salt River land­mark sale

Savile Row seeks bids on PALS build­ing at its Mother City launch

Weekend Argus (Saturday Edition) - - AUCTIONS -

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.

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