Mixed-used building in top location in Paarl

A CENTRALLY situated “blue chip” Paarl property that could potentially serve as corporate headquarters will be offered for sale at an urgent auction to be held on site on April 26.

The property is owned by a company that wishes to dispose of some of its asset and must be sold on the day, says Samantha James, a director of the Michael James Organisation.

James says the mixed-use building, at 345 Main Street, Paarl, has a gross lettable area of 2 194m² and stands on a site measuring 1 329m².

The ground floor houses various shops and a branch of a national bank, while the rest of the multi-level building comprises tenanted offices.

“The entire first floor is occupied by an insurance company, and the second floor by various tenants,” she says.

“The third, comprising renovated office space, is presently vacant. This available space would be ideal to accommodate another anchor tenant.”

She says the building is well-maintained and offers plenty of parking space. It attracts passing trade because of its prominent location.

The property will be auctioned on site at 11.15am on April 26, and can be viewed by appointment with the auctioneers.

A 10% deposit plus auctioneers’ commission will be payable on the fall of the hammer, with the balance required on transfer.

For more details, present lease information and financial information, contact the Michael James Organisation offices on 0218517007 or see www.michaeljames.co.za, wef reference 5575.