De Waterkant building under hammer
Posted On Monday, 02 February 2004 02:00 Published by eProperty News
A MID-SIZED building, Berco House, with both commercial and residential development potential, is to go under the hammer next week.
The property is situated in the heart of the trendy and popular De Waterkant district, a stone's throw from the Cape Town CBD and the hugely successful Cape Quarter. The auction will be conducted by Christian Stewart, director of Auction Alliance.
De Waterkant is one of the most central and well-positioned areas in the city. It is immediately adjacent to the city centre and while not encumbered by the centre's traffic and congestion, it benefits from direct access to the N1 and N2 freeways and, being an offshoot of Green Point, it is the doorway to the Atlantic Seaboard. Berco House is located at 12 De Smidt Street and offers 680m2 of office space and six parking bays.
It has a C3 general commercial zoning. It is a three-storey building with the potential for a minimum of two further levels, so opportunities for commercial development, or a mixture of commercial and residential development, abound. "This area is hugely popular and becoming increasingly upmarket," said Stewart.
"It is a favourite with young professionals and high value boutique businesses." The auction is scheduled for Wednesday at 11am, and will take place on site.
Viewing is by appointment and there are photographs posted on www.auctionalliance.com
Contact Auction Alliance on 082 822 2292 or 086 1426 040 for further information
Publisher: Weekend Argus
Source: Weekend Argus
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