It’s well known that property in Mouille Point is hard to come by and investors have become restless at the news that one of Mouille Point’s finest properties will go under the hammer.

2 Surrey Place, offering 1,416m2 of beachfront property on Mouille Point’s golden mile, will be auctioned by Auction Alliance on October 27.

The property is situated on the corner of Surrey Place and Bay Road, with direct access off Beach Road. The four storey building offers ground floor retail space and office accommodation on the remaining three floors. Ocean views are afforded on one side and views over the golf course and urban park on the other.

‘’Surrounded by popular restaurants such as the Newport Deli and Peppenero, the area enjoys a bustling cosmopolitan atmosphere and benefits from a constant stream of pedestrian traffic. The property will offer vacant occupation for the shrewd investor,” comments Gareth Currie of Auction Alliance.

“Sketch plans have been approved for the development of an additional three floors of residential units which offers the opportunity for the development of prime residential space and penthouse suites with some of the best views on the Atlantic Seaboard” Adds Ryan Joffe of Auction Alliance.

Auction Alliance has proven their success in the area with the recent sale of La Splendida, a stylish, boutique hotel on the Mouille Point beachfront, which they sold for R28.6million.

The auction takes place on site at 2 Surrey Place, Mouille Point, on Wednesday October 27 at 12pm.