Commercial building in the Cape Town CBD up for grabs

Posted On Monday, 04 April 2011 02:00 Published by eProp Commercial Property News
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Auction Alliance will take a commercial property in the Cape Town CBD to auction during its multiple commercial auction to be held on April 13. The property will be sold vacant on transfer

Property-Housing-ResidentialLocated on the corner of Prestwich and Loop Streets, in the heart of the Cape Town CBD, the property spans over two adjacent ervens and enjoys excellent exposure due to the high volumes of pedestrian and vehicle traffic experienced by both.

Loop Street extends through the CBD, intersecting with a number of main and secondary arterials including Hans Strijdom and Riebeek Streets, providing commuters with easy access to the Atlantic Seaboard suburbs as well as to both the N1 and N2 freeways.

The property is surrounded by an established commercial node with the immediate area including Investec, Colcachios, The Seattle Coffee Company and Motomia.

Its premier location allows it easy access to all amenities and major properties in and around the CBD.

Extending over a GLA of ±429m², the 2 storey property, currently utilized as a guest lodge, features a reception area, bar and recreation area, retail unit and 15 individual bedrooms. 

The property is well maintained, secure and the bar is accessed via a separate entrance.

The ground floor comprises an expansive reception area and a retail unit which has independent access, brilliant exposure onto Prestwich Street and offers an opportunity for additional rental income.

In addition, the area includes 4 bedrooms, of which, one is en-suite and the remaining 3 currently used as dormitories with separate communal ablution facilities.

The first floor consists of 11 bedrooms, 3 of which include en-suite bathrooms, as well as communal ablution facilities. The second floor includes a modern bar and recreational area boasting stainless steel finishes and an adjacent smoking area, both of which offer excellent views of the Cape Town CBD. The floor also includes 2 bathrooms and a small tiled kitchenette area.

Comments Elias Tzouvanni of Auction Alliance, “In terms of location, it is impossible to beat this property’s outstanding position in the centre of the hustle and bustle of the Cape Town CBD.

The property is conveniently located, easily accessible and its exposure maximized due to its location on one of the CBD’s busiest corners”

The auction takes place at 12pm at the Crystal Towers Hotel & Spa, Century City.

Last modified on Wednesday, 11 June 2014 17:41

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