Built in 1781 as the second structure in the town, this grand building is well tenanted and boasts an annual income of R808 070 – with an anchor tenant who has been in the building for over twenty years.

The property has loads of unused space available for additional letting, renovating or developing. Benefiting from its favourable location on the main strip - Simon’s Town’s ‘Historical Mile’ - the building represents a great investment opportunity for buyers and provides further opportunity to develop loft and duplex apartments.

The auction takes place on 18 March 2010 at 10am at The Crystal Towers Hotel and Spa in Century City.