Tygerberg block of flats represents ideal investment opportunity

Posted On Wednesday, 20 July 2011 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

La Bonitos, a prominently situated sectional title block of flats in Tygerberg, will be brought to auction by Auction Alliance during its upcoming Commercial Multiple Auction at the Crystal Towers Hotel and Spa, on July 28.

Property-Housing-ResidentialThe property is situated on the corner of Briardene and Clarendon Streets, and is conveniently situated close to the N1 Freeway. 

The property is situated within walking distance of the Tygerberg Hospital and Medical Campus and the Tygerberg train station, and within close proximity to a variety of amenities available in the surrounding area including the newly refurbished Parow Centre.

The property comprises 3 residential blocks of flats, with 44 sectional title units in total.  Of the 44 units, there are 40 two bedroom units and 4 one bedroom units. The property features ample parking, a private laundry drying yard for exclusive use of residents, as well as a braai area. 

In addition, the property is well secured with electric perimeter fencing, intercom controlled access, security gates, and burglar bars on all windows.

Comments Jacques Coetzer of Auction Alliance, “Featuring quality tenants and excellent finishes, this well situated block of flats offers investors with an excellent income producing investment opportunity”.

The auction takes place at 12pm at the Crystal Towers Hotel and Spa, Century City.

Last modified on Wednesday, 11 June 2014 09:32

Most Popular

Attacq sees success with high-rise development The Mix

Sep 22, 2021
Waterfall’s latest high-rise residential development, The Mix Waterfall, is approaching…

When can I cancel an Offer to Purchase?

Sep 22, 2021
There’s nothing more exciting (or nerve-wracking) than submitting an Offer to Purchase on…

Serviced office space provider The Business Exchange opens in Cape Town

Sep 21, 2021
Serviced office space provider The Business Exchange (TBE) has extended operations and is…

Interest rates still on hold but scales start tipping towards a hike

Sep 23, 2021
The SARB Monetary Policy Committee (MPC) decided to keep the repo rate unchanged at 3.5%…

Please publish modules in offcanvas position.