Buyer swoops be­fore auc­tion

Weekend Argus (Saturday Edition) - - AUCTIONS -

A SEA POINT res­i­den­tial prop­erty was re­cently sold out of hand for R1.7 mil­lion to a Cape Town in­vestor who in­tends to up­grade it, says auc­tion agent Rod Har­ris of ClareMart Auc­tion Group.

“The of­fer was made be­fore the prop­erty went un­der the ham­mer,” he says.

Har­ris says po­ten­tial buy­ers fre­quently sub­mit of­fers be­fore auc­tions to avoid the risk of los­ing a prop­erty.

Lo­cated in a vi­brant part of Sea Point, just off Main Road, 8 Solomons Road has rede­vel­op­ment po­ten­tial, he says. The prop­erty is op­po­site the new Re­gent Road Spar com­plex and within walk­ing dis­tance of the beach.

The 120m² house, on a 150m² erf, has three bed­rooms, a loung e, a fully equipped kitchen, a fam­ily bath­room, and a small court­yard.

“ Wi t h R 2 z o n i n g a n d a three-storey height re­stric­tion, it can be ex­tended to al­low for mul­ti­ple res­i­den­tial units,” says Har­ris.

He be­lieves a ben­e­fit of buy­ing a prop­erty in this area is the growth that will be a ch i eve d a s s u r ro u n d i n g blocks are up­graded. “Re­gent Road has al­ready seen a surge of im­prove­ments of ex­ist­ing prop­er­ties since the in­tro­duc­tion of the new Spar cen­tre.”

C a l l C l a r e Mar t Au c t i o n Group on 021 425 8822 or visit www.claremart.com

EARLY SALE: The Sea Point prop­erty in the cen­tre of pic­ture has rede­vel­op­ment po­ten­tial and was re­cently sold out of hand to a lo­cal in­vestor for R1.7 mil­lion.

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