Ma­jor in­vest­ment prop­er­ties go on sale

Op­por­tu­ni­ties with a com­bined value in ex­cess of R250m

Weekend Argus (Saturday Edition) - - AUCTIONS -

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.

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