A centrally located commercial property situated in bustling Voortrekker
Road in Maitland in the Cape Town metropolitan area, has been sold on
auction by Pam Golding Commercial Auctions for the sum of R2 million.

Geoff Stroebel, business development manager for Pam Golding Commercial - a
member of the Pam Golding Property group - says available properties in the
Maitland area are being snapped up by eager investors, mainly for
redevelopment purposes.

"This prime property, which is well located opposite Maitland SAPS,
comprises three tenanted retail outlets as well as an old house, will
eventually be redeveloped by the new owner. The Maitland area is enjoying a
surge in interest for several reasons - it is conveniently situated close to
the city of Cape Town and within easy access of all major routes, making it
ideal for distribution purposes, and in addition, properties still offer
sound value for money.  Well positioned for growth and development, this is
a prime area for property investment, born out by the strong demand
currently being experienced," says Stroebel.
 
For further information contact Solly Gild on 021 4177878 or 083 2611 213.

Ends

Issued by Gaye de Villiers

Tel: 021 6837788 or 083 325 1939

On behalf of Pam Golding Commercial