KEEPING YOUR FINGER ON THE PULSE OF THE PROPERTY MARKET

CBD – one floor sells for nearly R3m

ClareMart Auction Group recently sold one floor in the Bank Chambers building at 144 Longmarket Street Cape Town, for R2 914 000, including commission.

Owning an entire floor in a prime CBD location, could be an incredibly lucrative investment opportunity. Cape Town’s inner city has grown exponentially over the past few years and the upward trajectory of property values seems set to continue for the next few years.

“This building is particularly well positioned amidst a fine selection of other commercial and inner city residential buildings. Investors who attended the auction recognised the incredible potential this property has in terms of upside rental income and bidders were determined to compete fiercely,” said Andrew Edelstein, ClareMart New Business Manager.

For more information on upcoming auctions, contact Andrew Edelstein on andrewe@claremart.co.za , (021) 425 8822 or 0829400478 and visit www.claremart.co.za