ClareMart Auction Group has once again proved to be the auction house of choice trusted with the disposal of property owned by the Cape Town municipality. Duly instructed by the City of Cape Town, ClareMart Auction Group will bring to auction 18 vacant erven of mixed use in some of Cape Town’s best investment locations. The auction will be held on Wednesday 13 June 2018 at 12h00 at the Southern Sun Cullinan Hotel, Lily Room, 1 Cullinan Street, Waterfront, Cape Town.
The Mother City remains a sought-after destination for commercial, residential and tourism purposes considering its natural beauty, Mediterranean climate and international acclaim. These erven on offer are ideal for first time buyers as well as seasoned investors looking for an opportunity to expand their investment portfolio in a city where property is high in demand and availability is scarce.
The erven range from mixed use subzone 2, single residential 1, general business 1 & 4, to general residential 4, general residential 1 and local business 2 in high end neighbourhoods, industrial hubs and affordable residential locations. These include Plattekloof, Gordon’s Bay, Milnerton, Atlantis, Blue Downs, Kuils River, Mitchells Plain, Kensington, Steenberg, Elsies River, Langa and Kraaifontein.
“Vacant erven in Plattekloof are scarce and highly sought after. This high-end neighbourhood offers great returns on investment. ClareMart has recently sold a magnificent triple-storey mansion there for just over R11 million. The plot on auction in Plattekloof has general residential 4-zoning and is therefore a great investment opportunity,” says Andrew Koch, group executive director at ClareMart.