Industrial property market ‘resilient’

Posted On Friday, 10 October 2008 02:00 Published by eProp Commercial Property News
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The ClareMart Auction Group this month will auction industrial properties in Paarden Island, Montague Gardens and Maitland in the Cape Peninsula.


Property-Housing-ResidentialOne of the properties, at 21 Natal Street, Paarden Island, offers double volume warehousing and a 920m² showroom.

The modern building is three storeys high and has 330m² office and showroom space.

“This property is the ideal space for an owner-occupier and, as a showroom and office space, it’s the best in the area,” auction director Mike Baigell says.

It also has convenient proximity to the harbour, the rest of the area, and quick access to major distribution routes such as the N1 and N7.

A 15734m² development site in Montague Gardens on Station Road, is also on the auction block later this month.

The development site contains almost no building restrictions and, according to Group MD Andrew Koch, it is the last site of its nature in Montague Gardens.

A redevelopment opportunity is available at 249-249 Voortrekker Road in Maitland and offers another central location. The property holds two buildings, the first of which has an extent of 1405m² and is located in a split zone between general business B3 and general residential R4.

The second building has an extent of 848m²

The world may find itself in a slow-down in economic development, but the South African industrial property market is resilient, says ClareMart Auction Group MD Andrew Koch.

This is due to the strength of the industrial sector and the sound economic fundamentals still in place in the South African market.

The auction takes place on Thursday, October 30, at 12:30 in the ballroom of the Mount Nelson Hotel in the Gardens.

Last modified on Wednesday, 18 June 2014 15:35

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