Investment opportunity in Parow
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.