Cape auction feature

Posted On Wednesday, 05 October 2011 02:00 Published by eProp Commercial Property News
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Amongst the various property assets up for auction is a mixed use asset and moto showroom.

Jacques CoetzerMixed-use property in Claremont:

Considered a first-rate investment opportunity, this prominently situated mixed-use commercial property is located in the heart of Claremont’s business hub.

The property which is situated at 148 Landsdowne Road, occupies a prime location, and is easily accessible via the M5 from both the N1 and N2 Highways.

The triple storey facility extends over a GLA of 1800m², and includes 22 secure parking pays on the ground level. There is excellent street level exposure, which is ideal for a restaurant or retail space. The upper levels boast unobstructed mountain views and are well suited for a corporate head office or can be leased to multiple tenants.

“This property offers a variety of commercial options for the potential owner, and is set in a prime location near both the Kenilworth centre and Claremont business district”, comments Rod Harris from Auction Alliance.

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

Prime motor showroom and workshop in Wynberg: 

This well-situated motor showroom and workshop in Wynberg is tenanted by C.A.M. motors.

Prominently situated at 81 Prince George Drive, at the intersection of Prince George Drive and Ottery Road, it enjoys excellent exposure from the high levels of passing traffic. The property is one of a handful of ervens that have business rights along Prince George Drive.

The faclity extends over an approximate GLA of 1101m² and comprises 2 single storey buildings.  The main building, which fronts Prince George Drive and Ottery Road, includes the sales and administration office, which includes internal partitioned office space, ablution facilities and storage space.  The second building, which is situated at the rear of the property, includes workshop space, ablution facilities and storage space.

The property produces a gross annual income of R312, 180, and the current tenants have a 5 year lease in place.

Comments Jacques Coetzer of Auction Alliance, “This year, we have seen a strong demand amongst investors countrywide strategically situated and well-let vehicle showrooms. This property’s high exposure location and long term lease makes it an excellent investment opportunity”. 

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

Last modified on Monday, 09 June 2014 13:22

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