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Cape Town commercial auction round up

Posted On Wednesday, 07 September 2011 02:00 Published by eProp Commercial Property News
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Commercial properties in Gardens, Cape Town CBD and Tygervalley are set to fall under the Auction Alliance hammer during the upcoming Commercial Multiple auction on September 27.

Property-Housing-ResidentialModern office space in Gardens:

A prominently situated and modern, sectional title office unit in Gardens will be sold on the basis of vacant occupation.

The ground floor office space is situated at 32 Barnett Street, in a building called Dunkley House, in the well established commercial and residential node of Gardens, on the periphery of the CBD. The property is situated within close proximity to a host of facilities and services available in the immediate vicinity, including the Cape High Court and Parliament, and is easily accessible via De Waal Drive, St John’s Road and Buitengracht Street.
 
The dual level property extends over an approximate GLA of 380m², and features an open plan layout, with glass interior walling. The property includes ample parking, in the form of 4 inside parking bays, and 1 exterior bay. The property has been well maintained and includes a communal courtyard, and the office space.

Comments Rod Harris of Auction Alliance, “This property is perfect for the owner occupier seeking centrally situated and modern commercial office space within close reach of the CBD”.

Premier commercial sectional title unit:

A well-situated and modern commercial sectional title unit in the Cape Town CBD is on offer.

The property is situated at 186 Loop Street, and occupies a prominent, high exposure location along the busy thoroughfare. The open plan property extends over an approximate GLA of 530m², and features high quality finishes, including wooden flooring throughout.  The property is air-conditioned, and its sale included in the sale, is exclusive use of two underground parking bays.

Comments Elias Tzouvanni of Auction Alliance, “Ideal as retail or office space, this property presents owner occupiers with an excellent opportunity to acquire prime commercial space along one of the CBD’s busiest roads”.

Two commercial buildings in Tygervalley offer prime investment opportunity:

Edward 11 and Edward 111, two commercial buildings in Tygervalley comprising office and retail space, will be amongst the quality lots on offer during the upcoming Commercial Multiple auction on September 27. The properties will be sold together.

The properties are situated at 64 and 72 Edward Road, a popular road which flows parallel to Willie Van Schoor Avenue, and stretches throughout the Bo-Oakdale suburb of Belville. The properties are situated within close proximity to a selection of amenities, including the Tygervalley and Willowbridge Shopping Centres, The Bellville Velodrome and the Belville Stadium. Their central location, affords them with excellent exposure from passing traffic.

Edward 11, extends over a GLA of 1,914m², and produces a gross annual income of R1, 493.013. The 3 storey property features retail space on the ground floor, and office accommodation on the upper floors.

The retail space is fully tenanted, and includes 4 independent commercial units which are currently tenanted by a night club, restaurant, hair salon and beautician respectively. The units offer private bathrooms and are in an excellent condition. 

The office accommodation comprises primarily of dry walling divisions, and his and hers ablution facilities are situated on both floors. The common areas of the property have recently been upgraded and create a high-quality feel. In addition, the property features ample parking in the form of 25 open covered parking bays, and 25 perimeter onsite bays.

Edward 111 extends over R2, 378 m² and produces a gross annual income of R2, 042.25. The 3 storey property also offers retail space on the ground floor, and office accommodation on the upper floors.  The ground floor includes a single office unit, as well as 3 independent retail areas.

The retail units include private bathrooms, and boast large windows, which enhance exposure to passing foot traffic. The office units above offer a similar floor plan and finishes to the offices in Edward 11. The property also offers ample parking in the form of 17 perimeter onsite parking bays and 45 basement level parking bays.

Comments Elias Tzouvanni of Auction Allliance, “In the current environment, prime commercial stock is scarce, and properties of this calibre are hard to come by. The prominent location and appealing yields offered by both, make their upcoming sale an excellent opportunity for potential investors. They must be sold on the fall of the hammer”.

Last modified on Tuesday, 10 June 2014 09:20

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