Business premises in heart of Claremont to be auctioned.

Posted On Monday, 02 December 2002 10:01 Published by eProp Commercial Property News
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PRIME business premises located on the Main Road in the heart of Claremont's business and shopping district will go to auction soon.

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Alon Kowen, Auction Alliance Cape MD, says it is highly unusual for Main Road properties to be auctioned and he expects that interest in the sale will be high because of the positioning of the property in relation to passing traffic and trade. 

'Claremont area is well-known as a blue-chip area and property owners have been investing extensively in the upgrading of premises along the Main Road stretch in recent years,' Kowen said. 

The property to be auctioned presents a sound investment with established tenants and a rental income of R437 652 per annum. 

Kowen says the auction industry as a whole is experiencing a turn-around in public perception. 

'There is a marked increase in the number of property owners turning to auctions to dispose of their properties efficiently while providing excellent returns. Likewise, buyers can expect to pay fair prices driven by the economic rules of supply and demand.' 

The 411m2 commercial property at 173 Main Road is zoned for general business offering two levels including three shops, one corner shop and 350m2 of office space.   The auction will take place on Monday, December 9 at 12.30.

Last modified on Tuesday, 10 June 2014 13:48

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