Two com­mer­cial build­ings in heart of city of­fer ideal in­vest­ment op­por­tu­ni­ties

Weekend Argus (Saturday Edition) - - AUCTIONS -

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.

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