In­vest­ment op­por­tu­nity beck­ons for a CBD in­vestor

Weekend Argus (Saturday Edition) - - PROPERTY -

A TEN­ANTED mul­ti­level group of CBD prop­er­ties span­ning more than six er­ven will fall un­der the ham­mer of the ClareMart Auc­tion Group dur­ing its mul­ti­ple com­mer­cial and in­vest­ment prop­erty auc­tion this month.

“This of­fer­ing will ap­peal to the large in­vestor who re­quires a port­fo­lio of es­tab­lished re­tail and com­mer­cial ten­ants in the Cape Town CBD,” says se­nior auc­tion agent, Car­los Caldeira.

The prop­erty known as 210 on Long con­sists of two well­main­tained ad­join­ing art deco build­ings in Long Street, with an en­trance to its mall com­po­nent on Bloem Street. On the ground floor is a shop­ping mall with 14 shops and three eater­ies.

Caldeira says the ten­ant mix re­flects the cos­mopoli­tan char­ac­ter that Long Street is fa­mous for. Ten­ants in­clude a to­bac­conist, a cloth­ing out­let, a body art stu­dio, an east­ern apothe­cary, a hair sa­lon and two restau­rants as well as a take­away. Also with ex­po­sure di­rectly on Long Street is a pop­u­lar na­tional take­out and restau­rant fran­chise.

There are 33 of­fices on the up­per floors with a wide range of ten­ants, that in­clude at­tor­neys, travel agents, a well­known mag­a­zine pub­lisher and a bev­er­age dis­trib­u­tor. Other ten­ants in the port­fo­lio in­clude an on­line ticket reser­va­tion ser­vice, ac­coun­tants, an out­door ad­ver­tis­ing agency and a multi­na­tional non-profit or­gan­i­sa­tion with of­fices in 26 coun­tries.

“The mul­ti­lay­ered busi­ness and cul­tural as­pect of the street at­tracts tourists as well as lo­cal busi­ness and this pre­mium com­mer­cial in­vest­ment should ap­peal to large in­vestors who wish to ac­quire an as­set on this peren­ni­ally busy city cen­tre land­mark street,” says Caldeira.

The prop­erty may be viewed and will be auc­tioned at the One & Only Ho­tel, V&A Wa­ter­front on Wed­nes­day at 12.30pm. For de­tails, call Caldeira on 021 425 8822 or 082 824 8778 and visit www.claremart.co.za.

CEN­TRAL CITY: 210 on Long con­sists of two ad­join­ing art deco build­ings with al­ter­na­tive ac­cess from Bloem Street.

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