Re­stored mixed-use build­ing in Worces­ter on auc­tion

Weekend Argus (Saturday Edition) - - AUCTIONS -

THE DA VINCI Cen­tre, a taste­fully ren­o­vated, four-storey, sec­tion­alised re­tail and res­i­den­tial build­ing in Worces­ter, is soon to be auc­tioned.

Auc­tion­eer Dawie Maritz of C l a r e Ma r t Au c t i o n G r o u p ex­pects the auc­tion to draw much in­ter­est. He says, “We have ex­pe­ri­enced a marked in­crease in de­mand for prop­er­ties that of­fer mixed com­mer­cial and res­i­den­tial com­po­nents, and bid­ding on these key port­fo­lio prop­er­ties is usu­ally healthy.”

Sit­u­ated at 36 and 38 Ad­der­ley Street, Worces­ter’s main road, the build­ing com­prises a ground-floor re­tail sec­tion that is oc­cu­pied by four ten­ants, one of which is Ned­bank, he says.

“The re­main­ing three floors com­prise 20 mod­ern lock-upand-go apart­ments, which are ten­anted. There are three onebed­room apart­ments, 12 twobed­room apart­ments and five t hree-bed­room apar t ments, rang­ing in size from 42m² to 111m²,” Maritz says.

The build­ing is sit­u­ated on two er­ven mea­sur­ing 1 849m² and 241m² and has a high off­street park­ing ra­tio.

The cen­tre will be of­fered at the auc­tion group’s next mul­ti­ple com­mer­cial auc­tion, in the Gar­den Room of the Mount Nel­son on Wed­nes­day at 12.30pm.

The build­ing may be viewed strictly by ap­point­ment only.

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

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