Cape Town auction feature

Posted On Wednesday, 26 October 2011 02:00 Published by eProp Commercial Property News
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Among some of the offerings at the next multiple auction is strategically located land in Mouille Point and a commercial property in the heart of the Cape Town CBD.

Property-Housing-ResidentialCommercial property in Prime location within Cape Town’s CBD:

A prime commercial property,  situated in the heart of Cape Town’s CBD, will be brought to the auction floor by Auction Alliance during next month’s Commercial Multiple auction on November 22.

The property, addressed as 61 to 69 Long Street, is serviced by street level entrances on both Burg Street, and Long Street and is in close proximity to the popular Green Market Square. The neighbourhood has a vibrant mix of café culture; corporate offices and luxury residential apartment living, including boutique hotels and popular restaurants.

The 925m² site, conveniently situated near three Multilevel parking lots, offers a large single volume, air conditioned retail area on the ground floor of a multi storey building which comprises of other street front shops on the ground level, parking space, offices and residential space on the top floors.

“Based on the high demand for commercial properties in Cape Town’s CBD, this property is an excellent opportunity for the investor looking to capitalise on a scarce resource” comments Ryan Joffe from Auction Alliance.

Prime Mouille Point development opportunity:

A prime development opportunity exists in the heart of Mouille Point.

The property comprises two prominently situated adjacent stands that are located at 36 and 38 Bay Road. The stands are well-situated within walking distance of the Green Point golf course, Green Point Stadium and the V&A waterfront.

The stands offer two old double storey dwellings with outbuildings. The first stand measures 297m² whilst the second measures 595m².

It is envisaged that these will be demolished to make way for a hotel development that will feature a 7 storey hotel, 38 holiday apartments and two basement parking areas, with 41 parking bays.

Comments Ryan Joffe of Auction Alliance, “The sites premier location within Mouille Point ,a hub of high-end living, business and tourism, together with residential developments along the Atlantic Seaboard commanding amongst the highest values and rental levels in the country, the upcoming auction is expected to generate unprecedented interest from both local and international investors”. 

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

Last modified on Monday, 09 June 2014 11:17

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