THE HAMMER is set to fall on a portfolio of choice investment and commercial properties when the ClareMart Auction Group hosts its December multiple commercial auction.
Director Farrell Perling h i g h l i g h t s a n i nv e s t m e n t opportunity which lies in the heart of Salt River. Situated at Unit 3, 64 Foundary Road is a tenanted building with two JSE companies as tenants.
This 292m building offers a current rental income of R441 600 a year and the leases are in place for three years, with further options to run. Viewing is on Tuesday, December 1, from 12pm to 3pm.
Also on auction is a multiuse property situated on the cor ner of Lansdowne and Rylands road in Philippi. The 6 027m erf comprises three “areas”, namely an industrial building, approximately 40 storage garages and a twostorey building that is approximately 120m in size.
The current tenants include second-hand building suppliers with 30 storage garages, and a shooting gallery with a long lease that offers a current rental income of R7 000 per month. The garages offer a current rental income of R850 per month per garage.
Agent Rod Harris says this is ideal for expansion of the existing storage facilities: “The property offers massive potential to build an additional 88 units.” Viewing is on Tuesday, December 1, from 12pm to 3pm.
Situated at 19 Broadway Road in Bellville is a property suitable for student accommodation with rental income potential. The ground level comprises five bedrooms with en-suite bathrooms, a laundry, office and parking for seven cars. The top floor comprises three bedrooms, a kitchen, dining room, lounge and a 1.5 bathroom. Viewing is on Thursday, December 3, from 12pm to 3pm.
All three of these properties will fall under the hammer at the ClareMart Auction Group’s next Multiple Commercial Auction at the Mount Nelson Hotel on Wednesday, December 9, at 12.30pm. For more information, call 021 425 8822 or visit www.claremart.com.
OPPORTUNITY: This Bellville property is suitable for student accommodation, with rental income potential. There are five bedrooms, three bedrooms and parking for seven cars.