Franschhoek redevelopment opportunity going under the hammer

Posted On Monday, 04 April 2011 02:00 Published by
Rate this item
(0 votes)

Auction Alliance will take a well-situated Franschhoek Barn offering an excellent redevelopment opportunity to the auction floor during its multiple commercial auction to be held on April 13

Property-Housing-ResidentialThe property will be sold on the basis of vacant occupation.

The property, located on Uitkyk Street, is situated at the entrance to Franschhoek and offers beautiful views of the surrounding area. 

The property is situated near to the popular Franschhoek Shopping Centre offering national outlets including Pick n Pay and Postnet and surrounded by numerous tourist attractions including boutique stores, guesthouses and wine-estates.

The property, currently used as a barn, extends over a GLA of ± 225m² and comprises 2 independent rooms and a large expansive area.

Both rooms feature large floor areas and the original timber beams and trusses spanning the length of the floor area. The expansive area covers the bulk of the building and includes 3 separate sliding doors, numerous electrical outlets and high ceilings with the opportunity for the construction of an additional floor. 

Comments Jacques Coetzer of Auction Alliance, “The prime location of this property coupled with the significant development which has occurred in the Franschhoek area in recent years, makes this property an excellent redevelopment opportunity.

Approved plans are already in place proposing the redevelopment of the barn into an up-market commercial building as well as additional plans that involve converting the barn into a luxury residential home”.

The auction takes place at 12pm at Crystal Towers Hotel & Spa, Century City on the 13 April.

Last modified on Wednesday, 11 June 2014 13:23

Most Popular

GMI Property Group adds a New Mall to its Stable: Bronkhorstspruit Mall

Jul 21, 2022
GMI Properties Group announces the development of the much-anticipated Bronkhorstspruit…

Equites Property Fund and Mabel conclude B-BBEE transaction

Jul 21, 2022
Andrea Taverna-Turisan
The JSE listed specialist logistics property fund, Equites, today officially announced…

The growing take-away and fast food, and food delivery, culture

Jul 20, 2022
Restaurant and Take-Aways data for May 2022
Restaurant and Take-Aways data for May 2022 points to “solid but slowing” growth in…

The rapidly rising cost of living is reflecting in residential rentals

Jul 21, 2022
TPN Graph-Rental Demand
Demand for residential rental properties saw some recovery in the first quarter of 2022…

Despite hike, interest rate remains below pre-Covid levels, says Dr Andrew Golding

Jul 21, 2022
Dr Andrew Golding
With the inflation outlook deteriorating since the previous Monetary Policy Committee…

Please publish modules in offcanvas position.