CBD block sold for R6.6m

Weekend Argus (Saturday Edition) - - PROPERTY -

THE BUILD­ING at 107 Bree Street was re­cently sold for R6.6 mil­lion be­fore it reached the auc­tion block.

Auc­tion Al­liance’s Gareth Cur­rie and Ryan Joffe say the 1 000m build­ing has rede­vel­op­ment po­ten­tial.

It is next door to the Chris­ti­aan Barnard Me­mo­rial Hos­pi­tal, across the road from Her­itage Square.

The three-storey build­ing is cur­rently used as a park­ing fa­cil­ity, with 15 to 20 bays on the ground floor, six on the first floor and 14 on the sec­ond floor.

The Bree Street build­ing was to have been sold at Auc­tion Al­liance’s De­cem­ber mul­ti­ple auc­tion, which was to take place at noon on Wed­nes­day at the Crys­tal Tow­ers Ho­tel & Spa, Cen­tury City.

FULL OF PO­TEN­TIAL: 107 Bree Street was snapped up be­fore it could go to auc­tion.

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