Central Woodstock premises could meet growing demand for mixed use complexes

Posted On Wednesday, 19 June 2013 10:53 Published by Commercial Property Auctions
Rate this item
(0 votes)

Mixed use properties, particularly those on the peripheries of the major cities where they can serve both commercial and residential needs, have become highly sought after

210 Sir Lowry RoadAccording to Tanya Jovanovski, co-franchise principal for Rawson Auctions in the Western Cape, "It is these properties which are leading the price recoveries in areas like Bez Valley in Johannesburg, the Berea in Durban and Woodstock and Salt River in Cape Town."

On 24th July, Rawson Auctions will be auctioning a three level Woodstock property in Sir Lowry Road (opposite The Palms retail and office centre) which, says Jovanovski, is already a good proposition but which has potential to be improved and to cash in on the growing demand for student accommodation and convenience shopping in this area.

The building has a popular take-away outlet on its ground floor netting R5,000 to R7,000 per day and two apartments, one per floor, on the first and second floors. These both have two bedrooms, a kitchen and a bathroom.

The auction will be held at 12 noon at the Rawson Property Group's head office at 222 Main Road, Rondebosch.

Rawson Auctions' terms stipulate that a 5% deposit and a 10% auctioneer's fee (calculated on the accepted sales price) must be paid on the fall of the hammer, however no bidder's registration fee is charged.

Last modified on Thursday, 29 May 2014 17:14

Most Popular

Empowering women in engineering through B-BBEE

Jan 13, 2020
Andrew Yorke
Working to embrace the spirit of transformation and developmen.

Repo rate cut by 25 basis points

Jan 16, 2020
Governor_Lesetja_Kganyago_SARB1
The Reserve Bank has reduced the repo rate by 25 basis points to 6.25% in line with…

Cheap cement imports crippling local industry

Jan 16, 2020
Databuild CEO Morag Evans
Local cement manufacturers are being severely undermined by cheap imports from countries…

Health & Safety key drivers for Concor at Oxford Parks project

Jan 13, 2020
Godfrey Baloyi Bennie De Koker Concor Buildings HSE
Health and safety are key drivers for Concor Buildings at the construction of Oxford…

The rising tide of the silver economy

Jan 16, 2020
Chris Cilliers
Whilst we may not yet have discovered the long-coveted elixir of eternal youth, the truth…

Please publish modules in offcanvas position.