Large Corporate disposal in Salt River by Aucor Property

Posted On Tuesday, 20 August 2013 09:08 Published by Commercial Property News
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Aucor Property has today announced that it will be handling a large corporate disposal at its upcoming Cape Town Auction taking place on 29 August 2013 at 12h00 at The Pavilion Conference Centre, The Clocktower, V&A Waterfront.

5 Malta Street Salt RiverBradley Stephens, Director at Aucor Property comments, "Following numerous successful multiple and standalone auctions in the Cape Region, the team has developed strong relationships with numerous institutional sellers looking to de-bulk their portfolio's of non-core assets which enables us to bring this type of quality industrial properties to the market."

Headlining the event is a large industrial property in the Salt River node. Located in this traditional industrial area between Observatory and Woodstock is no. 5 Malta Road. The property is zoned for mixed use 2 which is cause for great investor interest in terms of the variety that mixed use 2 zoning allows.

This includes business premises, industry, residential, place of instruction, place of worship, institution, hospital, place of assembly, place of entertainment, hotel, conference facility, authority use, utility service, rooftop base telecommunication station, transport use, multiple parking garage, private road and open space.

The property features a generous sized warehouse building that has a GBA of 3800m2. The warehouse is accessed via roller shutter doors as well as various access ramps within the building and offers premium height . In addition to this there is a separate double storey office building that is approximately 400m2 in size and is well finished.

There are various outbuildings and a tarred yard area. Additional parking is provided for on the north eastern boundary of the property however it is located off the actual property itself.

Jonathan Aitken, Business Development Executive for Aucor Property comments, "It is a well-known fact that Salt River is undergoing tremendous redevelopment due to the limited space available in Cape Town and as such we have seen significant interest in this site as it is rare for this type of asset to come to market. The site offers both a redevelopment opportunity to an investor or could be owner occupied in its current state."

For more information https://www.aucor.com/AID138757?utm_source=eprop&utm_medium=PR&utm_campaign=salt+river .

Last modified on Friday, 23 August 2013 10:44

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