De Waterkant landmark to auction

Posted On Tuesday, 31 January 2012 02:00 Published by eProp Commercial Property News
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Unique property, situated on 15 Bennet Street, De Waterkant will be auctioned off by Auction Alliance on February 16

Property-Housing-ResidentialThe unique three storey building was designed as function venue, and features large double volume spaces and mezzanine areas. The 880m² ground floor area consists of a reception area, small bar, restaurant section and a small stage including a large pipe organ.

The rear area comprises of staff ablutions, store rooms and a loading zone, secured with a steel shutter door, which opens onto Cardiff Street.

The elevated floor currently functions as a large event hall, and is outfitted with a state of the art sound system, a glass DJ box, and is serviced by a large fully equipped bar. A 300m² mezzanine section, offering two bars, a lounge and a private office, overlooks the ground floor area.

In addition, there is a 150m² third floor, comprising of an airport lounge style bar, unisex ablutions and an open deck dining area. A lift and two staircases provide access to the different floors.

The property currently runs as a successful nightclub and restaurant, however, it is a versatile asset that has the potential to be redeveloped into a corporate head office, with the additional floors as an approved possibility. The property will be sold offering vacant occupation.

“Although the property is currently running as a nightclub, it is an excellent opportunity to be developed into platinum-grade corporate office space or a luxury apartment block,” comments Ryan Joffe from Auction Alliance.

The auction will take place on February 16 at 12h00 at the Crystal Towers Hotel and Spa.

Last modified on Saturday, 31 May 2014 13:03

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