Major investment properties go on sale
Opportunities with a combined value in excess of R250m
CLAREMART Auction Group is geared up for another successful year in 2010. The group’s first monthly commercial auction for the year will be held on Wednesday, January 27, at the Mount Nelson Hotel.
On the auction block will be properties with a combined value in excess of R250 million and MD Andrew Koch believes the portfolio will attract a bumper crowd.
Among them is a prominent commercial complex with high visibility located in the hub of the Knysna commercial district.
Situated at 28 Main Road, the double storey 1 527m 2 complex offers a gross lettable area of 1 014m2.
According to Mike Baigel this is a great opportunity to retenant a landmark complex with great upside potential in one of the most popular holiday destinations on the Garden Route.
“The centre is located on bustling Main Road with great exposure to passing trade. Its classic architecture and treeshaded facade combines to create a desirable address.”
In the heart of Cape Town city centre, adjacent to the Long Street hub, a six-storey building is on offer. Situated at 53A Castle Street, the standalone building stands next to a brand new high-rise development.
The property is the perfect opportunity for an owner occupier or an investment purchaser.
“The building offers a prime location and loads of re-development potential,” said Baigel. The building is currently partially tenanted with a rental income.
Another highlight is a 2 480m 2 state-of-the-art industrial warehouse in Montague Gardens. The factory offers A-grade office components in a secure location and 18 off-street parking bays.
The building previously housed a large printing company and is suitable for an owner-occupier.
A prime frontline Paarden Eiland property is also up for grabs. Number 36 Marine Drive offers a 1 313m² site with good exposure to passing trade.
The auction will be held on Wednesday, January 27, at 12.30pm in the Garden Room of the Mount Nelson Hotel.
For more information call 0214258822 or visit www.claremart.com.
UP FOR GRABS: A prime frontline Paarden Eiland property will go on sale. Situated at 36 Marine Drive, it’s a 1 313m² site with good exposure to passing trade. It falls under the hammer at ClareMart Auction Group’s commercial auction on January 27.