In­vest­ment op­por­tu­nity in Parow

Weekend Argus (Saturday Edition) - - AUCTIONS -

A COM­MER­CIAL p r o p e r t y, which cur­rently serves as a café/su­perette in an es­tab­lished res­i­den­tial area in Parow West, will be sold by pub­lic auc­tion in mid-De­cem­ber as part of an in­sol­vent es­tate.

“ T h e a u c t i o n w i l l g ive in­vestors an op­por­tu­nity to ac­quire a small, in­come-gen­er­at­ing prop­erty, cur­rently oc­cu­pied by a pri­vate ten­ant whose long-ter m lease runs un­til March 2013,” says ClareMart Au c t i o n G r o u p m a n a g i n g di­rec­tor An­drew Koch, the auc­tion­eer.

Sit­u­ated on a 240m² corner erf, the build­ing con­sists of a tiled shop area with a corner of­fice at the back, a tiled pas­sage lead­ing to a store­room, and two free­stand­ing toi­lets. The build­ing has a back­yard, which is en­closed with a Vi­bracrete wall.

“Be­fore the cur­rent ten­ant took oc­cu­pa­tion in March 2008, the prop­erty was oc­cu­pied by a prom­i­nent su­per­mar­ket group and has am­ple front park­ing that can ac­com­mo­date up the eight ve­hi­cles,” says Koch.

The prop­erty, which is in a busy lo­ca­tion, has a lo­cal busi­ness zon­ing, a three-storey height re­stric­tion, a 0.66 bulk fac­tor, and 50 per­cent build­ing cov­er­age of the site is per­mit­ted.

In­structed by the joint pro­vi­sional liq­uida­tor, Pro­gres­sive Ad­min­is­tra­tion (Cape), to sell the prop­erty at 123, Wrench Road, Churchill, ClareMar t will auc­tion it on site on Tues­day, De­cem­ber 14, at noon.

In­ter­ested buy­ers may view the prop­erty from noon to 3pm on Wed­nes­day, De­cem­ber 8.

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

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