Pam Golding Commercial (PGC) has concluded the sale of a prime located building in Main Road, Wynberg in Cape Town's Southern Suburbs to a private Botswana-based investor for R4.2 million.

Leif Eriksen, PGC leasing and sales director, says the modernised and well-maintained property, which is tenanted by ABSA and Metropolitan Life, is well positioned in Wynberg's busy commercial and retail hub.  The property was previously owned by a private Cape Town investor.

Eriksen says major centres in South Africa - particularly Cape Town and Johannesburg - continue to enjoy strong interest among those seeking sound commercial investment properties.  "In Cape Town the demand is throughout the metropole areas and from potential buyers wishing to invest from approximately R3 million to R20 million."

For further information contact Leif Eriksen of Pam Golding Commercial on
021 4177878 or 083 675 1511.

Ends

Issued by Gaye de Villiers
Tel: 021 6837788 or 083 325 1939
On behalf of Pam Golding Commercial