Choice in­vest­ments

Weekend Argus (Saturday Edition) - - AUCTIONS -

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.

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