Entire Cape Town city block on the block
Industrial complex in George also on offer
● WH Auctioneers Properties will take two prime Western Cape assets to the auction block this October. The WH Group can now lay claim to providing a comprehensive countrywide service and is delighted to be launching in the Cape Town market.
On offer is a mixed-use building occupying an entire block in Goodwood, Cape Town, which contains retail space, office space and on-site parking. This property is on the main arterial route of Voortrekker Road.
The property consists of a three-storey commercial and retail building set on five erven measuring 2,119m², with a total gross lettable area (GLA) of 3,484m².
The building comprises ground floor retail space fully occupied by various retailers. The office space on the upper floors is occupied by numerous tenants. The upper floors provide an excellent opportunity for residential conversion and, based on the building profile of the area, this should be supported by the council.
Currently 80% occupied, the building offers a potential gross annual income of R3,3m.
According to WH Properties executive Daniel Pelkowitz: “This property offers both seasoned and first-time investors an opportunity to get their piece of the Cape Town property rush. We pride ourselves in bringing unique buildings to the auction block and are proud to open our Cape Town debut with this exceptional asset.”
Auction date: October 9 at noon.
Venue: WH Properties Cape head office, 17 Dacres Avenue, Epping 2, Cape Town.
For further information and to obtain a detailed buyer’s pack contact Daniel Pelkowitz on 072-360-7510.
In addition, WH has been appointed to auction a massive industrial complex in George, Western Cape, belonging to Absolute Electrical Technology, which is under liquidation.
Situated in George Industria with quick access to the N2 highway, George airport and the local CBD, this property is in the heart of the Garden Route.
Comprising a 14.8ha site with approximately 32 buildings, the GLA is 32,000m². The premises are 75% let, to a mix of tenants.
The auction will be held on site on Wednesday October 17 at noon.
For further information and to obtain a detailed buyer’s pack, contact Martin Dibowitz on 083-264-1646 or visit our websites www.whauctions.com and www.whproperties.co.za