Sunday Times

En­tire Cape Town city block on the block

In­dus­trial com­plex in Ge­orge also on of­fer

- South Africa News · Cape Town · Epping · Glasgow Airport · George

● 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

 ??  ??

Newspapers in English

Newspapers from South Africa