Prom­i­nent com­mer­cial prop­erty in Re­treat is set to go un­der the gavel

Weekend Argus (Saturday Edition) - - PROPERTY -

A LARGE three-storey build­ing off Tokai Road in Re­treat will be of­fered on auc­tion by ClareMart Auc­tion Group at its mul­ti­ple com­mer­cial auc­tion this month.

“The prop­erty at 60 White Road in Re­treat of­fers huge re­con­ver­sion po­ten­tial,” says Mike Baigel, ClareMart’s ex­ec­u­tive auc­tions direc­tor. “This ex­ten­sive build­ing, zoned for gen­eral in­dus­trial use, is par­tially ten­anted to al­low for a planned con­ver­sion to res­i­den­tial.”

The 793m² ground floor area con­sists of a 28-bay park­ing garage and a small area occu- pied by an elec­tronic com­pany on lease, and the first and sec­ond floors of­fer an ad­di­tional 1 586m². This se­cure build­ing also has off- and on-street park­ing.

There will be two show days on Oc­to­ber 19 and 27 from noon to 2pm. The prop­erty at 60 White Road will be auc­tioned at the One & Only Ho­tel, V&A Wa­ter­front on Oc­to­ber 31. A five per­cent de­posit and 10 per­cent auc­tion­eer’s com­mis­sion are payable on the fall of the ham­mer. Call Baigel on 021 425 8822 or 082 926 9479 and visit www.claremart.co.za.

This his­toric dou­ble-storey build­ing at 105 Donkin Street, Beau­fort West was sold for R2.417 mil­lion dur­ing ClareMart Auc­tion Group’s mul­ti­ple com­mer­cial auc­tion in Au­gust. For more in­for­ma­tion about up­com­ing auc­tions, email San­jeev Boyjoo­nauth at san­jeev@claremart.co.za, call 071 223 9552 or visit www.claremart.co.za.

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