New auc­tion­eers start off with a dozen hot prop­er­ties

Weekend Argus (Saturday Edition) - - AUCTIONS -

NEW PLAY­ERS in the lo­cal auc­tion mar­ket, Savile Row, are set for their launch on Novem­ber 19, when they bring a mix of in­dus­trial and com­mer­cial prop­er­ties to the auc­tion floor.

Their in­au­gu­ral auc­tion in Cape Town will be at the Westin Grand Ara­bella Quays Ho­tel at noon.

They were pleased to be able to of­fer 12 qual­ity prop­er­ties at their in­au­gu­ral event, said Kim Fa­clier, manag­ing di­rec­tor of Savile Row Auc­tions in the West­ern Cape.

“I be­lieve we have seen the bot­tom of the mar­ket and are mov­ing into an up­swing as 2010 ap­proaches,” chair­man of the board, Lew Gef­fen, said.

High­lights of the Novem­ber 19 auc­tion in­clude:

Mi­cro In­dus­trial Park, Bel­lville. The Bel­lville Tri­an­gle area is sit­u­ated just off Voortrekker Road and within a kilo­me­tre of the R300 with its easy links to the N1 and N2.

With the short­age of in­dus­trial land in Cape Town, well-priced prop­er­ties com­ing onto the mar­ket will at­tract owner oc­cu­piers who want to re­main in the area.

Mi­cro In­dus­trial Park is a com­plex of in­dus­trial build­ings on the cor­ner of Bridge Road and Mi­cro Street in the Bel­lville Tri­an­gle. The prop­erty has two build­ings on one erf. The to­tal site area is 7 390m², with a gross build­ing area of 5 415m².

Build­ing one, which is va­cant, of­fers three units rang­ing from 750m² to 3 000m². Build­ing two is fully let to three ten­ants with leases un­til 2012. It mea­sures a to­tal of 2 400m². Both build­ings have a good power sup­ply.

The or­der of sale will be the en­tire prop­erty, the two build­ings in­di­vid­u­ally and then the in­di­vid­ual units which should at­tract in­vestors, de­vel­op­ers or owner oc­cu­piers.

At an an­tic­i­pated sell­ing rate of R2 500 a square me­tre, which is cur­rently about 40 per­cent lower than newly built of­fer­ings, this prop­erty of­fers great value in the in­dus­trial mar­ket­place.

Num­ber 71 Burg Street, on the cor­ner of Church and Burg streets, is a well­p­re­served and main­tained na­tional her­itage build­ing with orig­i­nal wooden stair­case, floors and wrap­around bal­cony over­look­ing Green­mar­ket Square, which is be­ing up­graded.

The re­tail com­po­nent is al­ready fully let to three ten­ants with a gross rental in­come of R35 885 a month.

Num­ber 71 Burg Street has a GLA of 857m² and is ad­ja­cent to the world - class Man­dela Rhodes Place de­vel­op­ment.

Rose Farm, 10 Charn­wood Av­enue in Con­stan­tia, Zwaanswyk is a tradi- tional four-bed­room coun­try-style homestead that has moun­tain and for­est views and of­fers mod­ern eques­trian fa­cil­i­ties.

Lo­cated in an older, more es­tab­lished area in the south­ern sub­urbs, the well-de­signed home is ap­prox­i­mately 1 050m² and has ex­cep­tion­ally good fin­ishes.

De­spite be­ing close to many ameni­ties, the prox­im­ity of the prop­erty to the Tokai For­est Re­serve means there is a coun­try feel. A swim­ming pool and lush gar­den com­pli­ment a well-in­te­grated en­ter­tain­ment area.

Ken­rock Es­tate, 20 Ea­gle Av­enue in Hout Bay, an 8 000m² prop­erty, is the largest stand in a pri­vate es­tate in the West­ern Cape. The African-style dou­ble­storey five-bed­room home has moun­tain and val­ley views.

In ad­di­tion to the main house, the prop­erty of­fers a three-bed­room cot­tage, en­ter­tain­ment fa­cil­i­ties, on-site park­ing for 10 cars and ex­cel­lent se­cu­rity.

Num­ber 26 Cranko Road, Ob­ser­va­tory is a well-re­stored two-bed­room Vic­to­rian house in the heart of Ob­ser­va­tory, close to UCT and the N2 high­way with high ceil­ings, wooden floors and a fire- place.

The prop­erty also has se­cure on-site park­ing and a quaint gar­den area lead­ing off the lounge and din­ing room.

For more in­for­ma­tion on th­ese and other prop­er­ties, call Kim Fa­clier on 082 554 6295 or visit www. sav­ilerowauc­tions.com.

ES­TAB­LISHED: Rose Farm, 10 Charn­wood Av­enue in Con­stan­tia, Zwaanswyk is a tra­di­tional four-bed­room coun­try-style homestead that has moun­tain and for­est views and of­fers mod­ern eques­trian fa­cil­i­ties.

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