The property will be sold on the basis of vacant occupation.
 
The property is situated at 74 Durban Road, and offers efficient access to Liesbeek Parkway, which enables convenient access to the N1, M3 and M5 Highways. The property is situated within close proximity to the University of Cape Town, Cavendish Square Shopping Centre and the CBD, and its prominent location, along a busy arterial, affords it with excellent exposure from passing traffic. Surrounding properties include a combination of retail, commercial and residential properties.
 
The double storey property comprises of a restaurant and shop on the ground floor, and 3 residential apartments on the first floor, which are ideal as student accommodation. The property extends over a GBA of 442m², and provides ample parking. 
 
Comments Ryan Joffe of Auction Alliance, “Based on July’s auction results, investors continue to seek prime, well-situated commercial assets. The diverse, mixed-use appeal of this property, make it ideal as a buy-to-let investment opportunity”.
 
The auction takes place at 12pm at the Crystal Towers Hotel and Spa, Century City
 
For more information, contact Ryan Joffe on Tel: 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..