Cape auction feature

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

Mixed use real estate assets and prime farms feature in upcoming auction.

Property-Housing-ResidentialWell positioned commercial property in Parow

Ideal for an owner occupier, Southern Life House, a prominently situated and well-maintained landmark property in Parow, will be brought under the hammer during next week’s multiple auction event on September 27.

The triple storey property is conveniently situated at 162 Voortrekker Road, in a bustling commercial hub, and extends over a GLA of 1342m². The property is easily accessible from the N1 Highway and is positioned close to Parow Station and Cloete Street.

The property produces a gross annual income of R220, 236.00, and features a retail component on the ground floor, and office space on the remaining 2 floors.

“The property, which is excellently located within a precinct that has recently experienced a significant revival, is ideal for the owner occupier who wishes to utilise the offices on the first floor and second floors, and rent out the retail component on the ground floor. The property must be sold on the fall of the hammer”, says Andrew Cohen of Auction Alliance.

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

Block of Flats with retail in busy node in Parow:

A well-situated and fully tenanted apartment block and ground floor retail unit in Parow will be amongst the quality commercial lots on offer during the upcoming multiple auction event on September 27.

The 3 storey property is prominently situated at 13 Station Street, a busy pedestrian route between Voortrekker Road and Parow Station.

The property features 4 retail units on the ground floor, and a total of 8 residential apartments on the remaining two floors. The retail tenants include Bayport Financial Services, Impressive Cellular, Liquor King and Guang Ming Trading. Of the 8 apartments, there are 2 single bedroom units and 6 two bedroom units. The property produces a gross annual income of R1, 022,685, and extends over an approximate GLA of 811m².

Comments Greg Nafte of Auction Alliance, “The property’s location on the main pedestrian route between the Parow Station and Voortrekker Road, satisfies the high demand for affordable housing near major transport routes. Coupled with this, a high level of foot traffic from daily commuters ensures that retail tenants trade well in this node”.

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

Two prime adjacent farms in Grabouw:

During an onsite auction on Thursday 29 September, two prime adjacent farms in Grabouw, as well as all implements, vehicles and tractors, will be brought under the auctioneer’s gavel.

Whitehall, the first farm, extends over 198, 7653 ha, and includes 79, 79 ha of apples, 15, 11 ha of different varieties of pears, 8, 9 ha prepped to plant, 6, 2 ha ready to be grubbed and 6, 9 ha of fallow land. Structures on the property include 4 managers’ houses, 21 labourer’s houses, hostels, office block and a workshop and chemical store. The property is well irrigated and features 6 dams, 2 boreholes and a 50% share in Winterset Dam.

Foresthall, the second farm, extends over 97, 4242 ha, and includes 24, 11 ha of apples, 6, 59 ha of pears, 10, 21 ha of vineyards (different cultivars), 17, 19 ha of fallow land. Structures on the property include a manager’s house, hostels and 2 loading bays. The property is also well irrigated, and is registered for 495 000 m3 from Winterset dam.

“This is an excellent opportunity to obtain two productive farms in a fertile area of Grabouw”, says Willie Van Rensburg of Auction Alliance.

The auction takes place onsite at 11am.

Last modified on Tuesday, 10 June 2014 08:39

Most Popular

Should you rent or buy your business premises?

Jun 23, 2022
Malusi Mthuli_FNB
This is a question that most business owners will face at some point in their journey.…

April 2022 Hotel Accommodation Income Statistics continue to show a very weak picture compared to pre-lockdown times.

Jun 23, 2022
Hotels Monthly Income 2022
The StatsSA release of April 2022 preliminary monthly tourism statistics show the Hotel…

South Africa’s inflation exceptionalism: can it last?

Jun 23, 2022
Carmen Nel
South Africa is often seen as a high-beta play, be it regarding financial market risk…

Hyprop continues to reduce debt and reposition its portfolios in SA and EE

Jun 30, 2022
Skopje City Mall Playground
Hyprop, which manages dominant retail centres in mixed-use precincts in key economic…

Vaal Mall rolls up its sleeves for pothole repairs

Jun 30, 2022
Vaal Mall crew busy repairing the various potholes making easier access to the Centre.
Vaal Mall is showing their commitment towards their community by stepping up to repair…

Please publish modules in offcanvas position.