Aucor Property kicks off Cape Town with quality Commercial stock

Posted On Tuesday, 25 February 2014 08:32 Published by eProp Commercial Property News
Rate this item
(0 votes)

Aucor Property has announced that its first multiple commercial property auction to be held in Cape Town will take place on the 6th of March 2014 at the Double Tree by Hilton Hotel in Woodstock. The auction will start at 12h00.

Pearson Building Pinelands

Mark Kleynhans, National Head of Commercial of Aucor Property comments, "2013 was a year of growth and opportunity for the Aucor Property team and after spending a great deal of time developing the Johannesburg office in the previous year, the management team focused their efforts on developing and growing the expertise and skills base in our Cape Town operation.

The outcome of this saw phenomenal results on a succession of auctions held in Cape Town in the last quarter of the year.

This has now set the stage for an even more exciting 2014 where we will continue to grow our base in the region and deliver results for both sellers and buyers alike."

"Our first auction of 2014 in Cape Town has an array of commercial and residential property. Included in this array of property is the Pearson Building being sold by a prominent institutional seller, located in a prime position on the corner of Forrest Drive and Logan Way in Pinelands." says Kleynhans.

This well secured 3 storey office building is situated on a stand measuring a generous 2,141m² and has a GLA of 2,804m2.

Zoned for General business 2 the building is currently tenanted and has a projected gross income of R4.3 million per annum. The property is well maintained, has excellent security and ample secure on site and street parking.

Kleynhans continues, "We are also taking a host of sectional title units in the relatively new retail development known as the Upper East Side to auction.

With easy access into the area via the M4 and N2, these properties would suit small to medium business looking to be situated in the trendy and growing area that the Woodstock hub has become known for.

The 4 units vary in size ranging from 368m2 to 1,466m2. The largest unit of 1,466m² is currently tenanted and has a projected income of R1.5 million per annum, whilst the remaining 3 units are all being sold as vacant"

Last modified on Thursday, 29 May 2014 17:04

Most Popular

Kommetjie master plan development on the cards

Jul 11, 2020
Cape_Farm_1529_Preferred_Layout
A new mixed use development is being planned near the landmark Imhoff Farm in Kommetjie,…

Redefine Properties appoints Diane Radley to board of directors

Jul 21, 2020
Diane_Radley
JSE-listed diversified Real Estate Investment Trust Redefine Properties (JSE: RDF) has…

Will the repo rate hold or fall? Experts divided

Jul 13, 2020
South African Reserve Bank
Experts are divided on whether the South Africa Reserve Bank (SARB) Monetary Policy…

Commercial Rental Market Survey sees declining market activity and rising vacancy rates in Q2 2020

Jul 10, 2020
John_Loos_fnb
In this report, we discuss the 2nd quarter 2020 results of the rental market component of…

Lower house prices in the Western Cape behind renewed interest from first-home-buyers

Jul 16, 2020
Carl Coetzee CEO of BetterBond
Property in the Western Cape is regarded by many as among the most expensive in the…

Please publish modules in offcanvas position.