Prime property in heart of Cape Town to be auctioned

A prime located property situated in the heart of Cape Town and ideal for
investment, development or business purposes is to be auctioned by Pam
Golding Commercial Auctions on site at 11am on Tuesday 22 August (2006).

Zoned C2 (general business), this character building is situated in Hope
Street, which runs between Roeland and Mill Street in a highly sought after
area of Cape Town, within walking distance of the renowned Mount Nelson
Hotel. The erf size is 267 sqm, coverage is 100 percent and there is a bulk
factor of 3.7.

Paddy Smuts, CE of Pam Golding Commercial Auctions, says it is ideal for use
as retail space, offices or a small business. "It's not every day that such
a well located property comes onto the market. Currently a double-storey
building - and given its prime location - this provides an excellent
opportunity for redevelopment and expansion, as the height restriction is
seven storeys. There are four parking bays available to let at an adjacent
property, however one could include parking in any expansion or
redevelopment of the property," he says.
 

To view the property contact Victor Schönborn of Pam Golding Commercial
Auctions on 083 792 4169 or 021 4177878 or email
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