Both restaurant and bar respectively, are synonymous with sushi, fresh seafood, live music, hospitality par excellence, and enjoyable games of backgammon. Their status has been built over a decade and their long leases confirm they have no intention of leaving. Other key tenants in the Camps Bay Corner development include Hylton Ross; Cape Villas, which has a lease that runs through to 2018; and famed security armed response company, Baywatch, which has a lease that runs through to August 2012.

This prime property, Camps Bay Corner, is set to fall under the Auction Alliance hammer on 18 March 2010 at the newly launched Crystal Towers in Century City at 12 noon. The current owner is realigning his portfolio to compliment other substantial investment properties with a specific focus, and acknowledges that the market is now ripe for discerning investors to secure a safe long-term commercial property at fair market value.

“We often receive interest from offshore and Gauteng investors looking for well positioned properties with single or a few strong tenants and long-term leases,” comments Ariella Kuper from Auction Alliance. This property certainly meets all the criteria, even to the amateur investor – it is ideally located and boasts blue chip tenants, making it perfect for passive investment purposes. Its appeal is further bolstered by the inevitable long-term gain in value that the property will enjoy, as Camps Bay is finite in its offerings of key commercial opportunities so close to the beach.

For more information, contact Elias Tzouvanni on This email address is being protected from spambots. You need JavaScript enabled to view it. or 076 153 2352.