Solid opportunity in Green Point in time for 2010

Posted On Wednesday, 07 October 2009 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

Reflecting on the good results achieved at their previous monthly commercial auctions in Cape Town, Alliance Group is excited to bring to the auction floor a golden opportunity in Green Point.

Andrew CohenThe group’s multiple commercial auction, to be held on October 13 at the One&Only Hotel, will see the Hotel Graeme in Green Point’s Main Road fall under the hammer.

The property is situated on a 1462m² stand and consists of two sections: a triple-storey building facing the front and a double-storey building towards the rear of the property. The front section is zoned General Business B with the rear section zoned General Residential Sub-Zone R2. In total, the property comprises 42 suites and two retail stores.

Hotel Graeme, situated at 107 Main Road, enjoys a favourable location proximate to the 2010 Fifa World Cup stadium and V&A Waterfront and boasts easy access to the CBD and ever-popular Atlantic seaboard. The hotel is also conveniently located amid a host of trendy eateries, cafés and cocktail bars along the Green Point and Sea Point strip.

Comments Elias Tzouvanni of Alliance Group: “We have been inundated with calls requesting more information on the hotel. Such is the interest in the property that a separate town planners report has been compiled and included in our brochures. This is just another step we have taken to lessen the workload of our clients and assist them in making informed and educated decisions with regards to purchasing assets.” Andrew Cohen, also of Alliance Group, further adds that “good properties coupled with Alliance Group’s strategic marketing efforts and tools are a surefire way to attract a generous amount of interest.”

The property will be knocked down as part of Alliance Group’s upcoming commercial multiple auction that is set to take place at the One&Only Hotel in the V&A Waterfront on October 13 at 12pm.

For more information or a full bidder’s pack including the town planners report, please contact Elias Tzouvanni on This email address is being protected from spambots. You need JavaScript enabled to view it.
Or 076 153 2352
Or Andrew Cohen on This email address is being protected from spambots. You need JavaScript enabled to view it.
Or 082 422 1158

Last modified on Wednesday, 11 June 2014 13:19

Most Popular

Kommetjie master plan development on the cards

Jul 11, 2020
Cape_Farm_1529_Preferred_Layout
A new mixed use development is being planned near the landmark Imhoff Farm in Kommetjie,…

Redefine Properties appoints Diane Radley to board of directors

Jul 21, 2020
Diane_Radley
JSE-listed diversified Real Estate Investment Trust Redefine Properties (JSE: RDF) has…

Will the repo rate hold or fall? Experts divided

Jul 13, 2020
South African Reserve Bank
Experts are divided on whether the South Africa Reserve Bank (SARB) Monetary Policy…

Commercial Rental Market Survey sees declining market activity and rising vacancy rates in Q2 2020

Jul 10, 2020
John_Loos_fnb
In this report, we discuss the 2nd quarter 2020 results of the rental market component of…

Lower house prices in the Western Cape behind renewed interest from first-home-buyers

Jul 16, 2020
Carl Coetzee CEO of BetterBond
Property in the Western Cape is regarded by many as among the most expensive in the…

Please publish modules in offcanvas position.