Aucor Property kicks off Cape Town with quality Commercial stock

Posted On Tuesday, 25 February 2014 08:32 Published by eProp Commercial Property News
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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

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