Two commercial buildings in heart of city offer ideal investment opportunities
TWO landmark central business district properties will come under the hammer when ClareMart host their February monthly multiple commercial auction.
A property, situated at 121 Castle Street, close to the De Waterkant tourism and entertainment district, is on offer. Previously home to two gourmet restaurants, the property has been renovated as a fashionable nightclub.
The property is adjacent to a large parking lot and is within walking distance to the CBD hub.
According to ClareMart director Mike Baigel “this is a perfect investment opportunity. The property has a lease in place and offers massive billboard potential to generate an additional R500 000 per annum”.
The property offers 447m floor space on two levels and good redeveloping zoning.
Also on auction is a double storey character building situ a t e d a t 5 6 - 5 8 Wat e r k a n t Street. The property offers an erf extent of 100m and a building extent of 220m2.
There are proposed plans for a sun room on the roof, making this a great opportunity for redevelopment.
The property is situated in a p r i me l o c a t i o n t o t r a d e a l o n g t h e wa l k way t o t h e Cape Town Stadium.
The ground floor offers retail space of 100m and can be divided into two shops.
The first floor is currently an apartment, which needs a small amount of work to complete.
Those interested may view these properties by appointment. The next multiple commercial auction will take place on Wednesday, February 24, at 12.30pm at the Mount Nelson Hotel.
Fo r more i n f o r mat i o n , call 021 425 8822, or visit www.claremart.com.
PERFECT OPPORTUNITY: A property situated at 121 Castle S t r e e t , c l o s e t o t h e D e Wa t e r k a n t t o u r i s m a n d entertainment district, is on offer at auction.