Chance to own property in CBD

BIDDERS Choice Auctioneers is hosting the sale of a high-rise building in the Cape Town CBD on October 12 at 11am.

The auction will take place on-site at 8 Riebeek Street, a high-rise building that features offices, retail space with street access and three levels of parking bays (596 bays in total).

The property features:

1. Seventeen floors of offices (about 50% of them are tenanted) which offer: A gross lettable area of about 21 000m². Office floors that each have options to either be let as a whole or partially, with ablution amenities and kitchen facilities on each floor.

Boardroom and a reception area on each office floor.

Offices fitted standard with carpeting, but the tenants are allowed to fit tiles and laminated flooring to modernise the area. The passages are tiled.

Some offices boast their own male/ female toilets or make use of the communal toilet facilities within the building on each floor.

Offices that are either divided by glass panelling or dry walling.

All offices are subjected to the tenants’ requirements.

2. A retail section on ground floor, all street-front shops.

3. An atrium and mezzanine space.

4. Four lifts service the building, accessible from the roof to the basement.

5. Two entrances to the building, one from Riebeek Street and the other from Thibault Square.

6. More than 60 basement parking bays.

Additional information to note:

The property will be sold together with a leasehold property “Thibault Square & Pavilion” or Erf 141644 Cape Town. The erf extent is about 6 811m².

For more information and viewing details, please call 079 170 3611.

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