City de­vel­op­ment land to be sold on auc­tion

Sites across Cape Town on of­fer next month

Weekend Argus (Sunday Edition) - - OBITUARIES -

FOL­LOW­ING the suc­cess­ful out­comes of prop­erty auc­tions on be­half of the City of Cape Town, the Clare­mart Auc­tion Group has again been ap­pointed to auc­tion de­vel­op­ment sites across greater Cape Town.

An­drew Koch, Clare­Mart gen­eral executive director, says one site is in Delft, where com­mer­cial space is in huge de­mand. “The 1 773m² erf has a prime com­mer­cial lo­ca­tion on the cor­ner of Main Road and Lei­den Av­enue, with high ve­hic­u­lar and pedes­trian traf­fic. It is lo­cated on a busy taxi and bus route, and is zoned Gen­eral Business 1,” he says.

A 4 753m² erf in Moun­tain Road, Fish Hoek, rep­re­sent­ing prime de­vel­op­ment land on the moun­tain­side and zoned Sin­gle Res­i­den­tial 1, will also be brought to auc­tion.

A 991m² erf in 12th Av­enue, Good­wood, zoned Sin­gle Res­i­den­tial 1, will pro­vide an op­por­tu­nity to build a home in a pop­u­lar neigh­bour­hood with easy ac­cess to ma­jor free­ways.

Also avail­able will be a 496m² erf, zoned Sin­gle Res­i­den­tial

1, in Rath­gar Street, Bel­lville. “The site is well lo­cated in a fully de­vel­oped neigh­bour­hood.”

Other ar­eas in which de­vel­op­ment sites of var­ied sizes are sit­u­ated in­clude Kens­ing­ton, Mitchells Plain, the Strand and Kraai­fontein.

“We’ve been ap­pointed by the city for the next two years to fa­cil­i­tate the sale of its as­sets and as­sist it in achiev­ing op­ti­mum re­sults,” says Koch. “Th­ese prop­er­ties of­fer great po­ten­tial re­turns and are gen­er­ally sought after among in­vestors who wish to buy land to de­velop for rental or per­sonal oc­cu­pa­tion.”

The auc­tion will be held at the City Hall, in the ground floor Chil­dren’s Li­brary, which is on the cor­ner of Dar­ling and Pa­rade streets on De­cem­ber 5. A 10% de­posit will be payable on the fall of the ham­mer, as well as the auc­tion­eer’s com­mis­sion. The bal­ance will be payable on reg­is­tra­tion of trans­fer.

For more de­tails email An­drew Koch on an­drew@ clare­, call 021 425 8822 or 082 494 9631 or see www. clare­

The de­vel­op­ment sites Clare­Mart will auc­tion on be­half of the City of Cape Town are of var­ied sizes and in var­i­ous ar­eas. Among them is this 4 753m² erf in Moun­tain Road, Fish Hoek.

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