Ta­ble View of­fices and homes on of­fer

Ten­anted units hold in­vest­ment po­ten­tial

Weekend Argus (Saturday Edition) - - AUCTIONS -

TWO SEC­TIONAL ti­tle of­fice units and an apart­ment block in Ta­ble View will fall un­der the ham­mer in ClareMart Auc­tion Group’s mul­ti­ple com­mer­cial auc­tion this month.

The of­fice units, in a du­plex of­fice block at 113 Blaauw­berg Road, could be sold sep­a­rately or to­gether, as it is pos­si­ble to com­bine both units into one of­fice space, says di­rec­tor Mike Baigel.

Unit 3A is on the ground floor and com­prises a re­cep­tion area, of­fices, a store­room, bath­room, kitch­enette and an al­lo­cated park­ing bay.

“The 50m² of­fice of­fers a gross rental in­come of R42 000 per an­num, ex­clud­ing VAT. There is a one-year lease in place, which ex­pires in June 2011,” Baigel said.

Unit 3B is lo­cated di­rectly above this unit and com­prises of­fices, a bath­room, a kitch­enette and an al­lo­cated park­ing bay.

“The 58m² unit of­fers a gross rental in­come of R48 000 per an­num, ex­clud­ing VAT. The one-year lease cur­rently in place ex­pires in Septem­ber 2011, and there is a two-year re­newal op­tion.”

Baigel said both of­fices had am­ple off-street park­ing for clients.

“The of­fice units are in a prime po­si­tion that is highly vis­i­ble from the busy Blaauwb e r g Ro a d , a n d o f f e r g r e a t in­vest­ment op­por­tu­ni­ties with healthy fi­nan­cial re­turns,” he said.

Those in­ter­ested may view the of­fices from noon to 3pm on Thurs­day, June 24.

Agent An­drew Edel­stein said the South Port apart­ment block, at 73 South Road and also on auc­tion, was two years old, with in­te­ri­ors that looked new.

South Port is fully ten­anted and com­prises 10 one-bed­room apart­ments, each mea­sur­ing 39m². Each apart­ment has an open-plan kitchen, lounge and din­ing room, bed­room and fam­ily bath­room.

The prop­erty has four garages of 16m² each, as well as nine park­ing bays.

”The cur­rent gross rental in­come is R370 000 per an­num and the garages are let at R9 600 per an­num,” he said.

The block may be viewed on Sun­day, June 20, from 2pm to 5pm, and on Thurs­day, June 24, from noon to 3pm.

The auc­tion will be held in the Gar­den Room of the Mount Nel­son Ho­tel at 12.30pm on Wed­nes­day, June 30.

For more in­for­ma­tion, con­tact ClareMart Auc­tion Group on 021 425 8822 or visit www.claremart.com.

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