The rejuvenation and development of both commercial and residential buildings continues apace in Cape Town city centre’s Buitenkant-Roeland Street precinct.

The opportunity to purchase on auction retail-office space of 110m² situated in The Square, at 50 Buitenkant Street, is expected to arouse considerable interest among those seeking to capitalise on the surge of activity in the area, says Paddy Smuts, auctioneer for Pam Golding Commercial Auctions.

The accommodation includes a parking bay conveniently located in the brand new Four Seasons residential development directly opposite. It will go on auction on site at 11am on March 20.

“This property has sound investment potential, being situated in a revitalised area vibrant with activity and development projects which continue to bring an influx of new life into the area,” says Smuts.

“Carlucci’s coffee shop recently opened 50m down the road, while several sizable adjacent properties located in Roeland Street and environs will house the site of a new development which will provide luxury residential accommodation for parliamentarians.

“Buitenkant Street is well situated, providing quick access to De Waal Drive and the N2, as well as to the entire central city area.”

The Square is a new and attractive complex comprising lower level office and retail space with residential units upstairs. It includes an appealing courtyard, with water feature, as well as swimming pool and gymnasium to which the tenants have access.

The space to be auctioned, now used as an anti-ageing clinic and laser centre, has been divided into five treatment rooms. There is a reception area, two toilets and an alarm. The Square also has its own security.

The property will be vacated on transfer, or sooner if required.

Source: Business Day