Entire CT CBD Block up for grabs

Posted On Tuesday, 07 June 2011 02:00 Published by eProp Commercial Property News
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A prime property situated at 261 Bree Street in the heart of the City Bowl, will be brought to auction by Auction Alliance during their upcoming commercial Multiple Auction to be held on June 28

Auction AllianceThe property offers a prime redevelopment opportunity and will be sold on the basis of vacant occupation.

The landmark property is situated on the corner of Bree, Victoria, Carisbrook and Jamieson Streets and offers frontage onto all four streets, allowing for multiple access points. The property is positioned in front of the popular Fire & Ice Hotel and its prominent location within the City Bowl, allows ease of access to all main arterials throughout the CBD as well as efficient access to surrounding areas via the N1 and N2 highways.

The property extends over a GBA of 3497m² and features warehouse, office and residential facilities as well as yard space. Set on an ERF of 1,909m², the property hosts a large double storey warehouse as well as another, smaller triple storey warehouse which offers warehouse, residential and office accommodation and a yard area.   The property is zoned general commercial C2.

The main, double volume warehouse offers various rooms used for storage and a compressor room.  The ground floor of the main warehouse interlinks with the smaller warehouse. The area currently offers vacant space and is utilised for parking.

The smaller warehouse features a small library and 2 private offices whilst the first floor includes a small warehouse, kitchenette and office accommodation.

Comments Ryan Joffe of Auction Alliance, “This first-rate property is ideal for redevelopment and boasts prime positioning and solid exposure in what is unquestionably one of the most sought after commercial areas within the City Bowl”.

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

For more information contact Ryan Joffe on 082 333 1665 or email This email address is being protected from spambots. You need JavaScript enabled to view it. or Gareth Currie on Tel: 079 490 6470 or Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Last modified on Saturday, 07 June 2014 19:25

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