Mini-re­tail port­fo­lios up for grabs in Stel­len­bosch

Weekend Argus (Saturday Edition) - - PROPERTY -

FOUR Stel­len­bosch re­tail properties will be auc­tioned in two lots at ClareMart Auc­tion Group’s July mul­ti­ple com­mer­cial and in­vest­ment prop­erty auc­tion.

“The two sep­a­rate lots of­fer bid­ders man­age­able in­vest­ment ac­qui­si­tions with long leases and vi­able re­turns,” says agent Bran­don Platt.

The first lot com­prises units 13 and 14, Water­gracht West Cen­tre, in Mer­ri­man Av­enue. The two units ac­com­mo­date three sep­a­rate ten­ants – a gen­eral dealer, a laun­dro­mat and a butch­ery.

Platt says the lot will be sold with 16 ded­i­cated park­ing bays – six base­ment bays and 10 shaded bays at ground level. The port­fo­lio will be on show on July 18, from noon to 3pm.

The sec­ond lot holds units 8 and 9 of the De Jonker Cen­tre in Morkel Street, in the pop­u­lar Mostert­drift node of the town.

“The two shops are both let to a vet­eri­nar­ian re­tail sup­plier and present a low risk in­vest­ment op­por­tu­nity,” says Platt.

Other ten­ants in the cen­tre in­clude a ma­jor national re­tailer. The units may be viewed at leisure.

The two lots will be sold sep­a­rately at the Radis­son Ho­tel, Granger Bay on July 31 at 12.30pm. Call Bran­don Platt on 021 425 8822 or visit www.claremart.co.za.

AVAIL­ABLE: The Water­gracht West Cen­tre in Stel­len­bosch, where two units will go un­der the ham­mer.

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