Two prime Eastern Cape properties to fall under the hammer

Posted On Monday, 18 February 2013 09:21 Published by eProp@News
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Forming part of a larger national property portfolio, two office blocks in the Eastern Cape, tenanted by Blue Chip companies, will fall under the hammer on 06 March. 

The two office blocks will be auctioned alongside seven other properties in a portfolio belonging to a corporate seller. The properties will be auctioned by Aucor Property during a multiple auction event in Cape Town.

The first property, a triple-storey office block situated in the hub of the Queenstown CBD at 46 Cathcart Street, presents an excellent opportunity for those seeking a property with good passing trade. The property is 719m² and close to the 'Hexagon' which is the main area of business in the town. The ground floor is made up of retail space while the second and third floors consist of offices, ablutions and a kitchen. Included in the auction is a double garage and under cover parking bays.

The second property is located in Butterworth nearby the main road on the corner of King and Fuller Streets. The property is a 3-storey office block with an ERF size of 1,322m². The property is large, well maintained and offers excellent exposure to passing foot traffic.

Comments Jason Poultney of Aucor Property, ''Both properties are in excellent condition and are fully tenanted presenting an excellent income generating opportunity. The central location and quality of each property is another huge draw card. We are welcoming telephonic bidders to this auction.''

The auction will take place on Wednesday 06 March, at the Rockwell Hotel, Prestwich Street, Green Point, Cape Town at 12pm.

For more information and Bidder's Pack 

Last modified on Thursday, 29 May 2014 17:17

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