Mowbray is highly sought after for commercial properties and has become even more popular with the explosion of the student accommodation market. The close proximity to UCT, CPUT and other institutions of higher learning, exponentially increases the investment appeal of this property, particularly as a result of its redevelopment potential.
The ground floor spans 95m² and comprises a retail outlet, kitchen and bathroom facilities. The first floor covers 92m² and houses two bedrooms, a bathroom and kitchen. The sunroom could potentially be a third bedroom. The property is zoned for General Business 1 and the entire building comprises 187m².
“Not only is this property suitable for redevelopment as student accommodation, but it’s also a great location for a retail trade outlet as well as office space, since it’s located on a busy, multi-faceted public transport route,” said Sanjeev Boyjoonauth, ClareMart Senior Auction Agent.
On show at 92 Main Road Mowbray on Wednesday 12 and Thursday 20 July from 12-2pm.
Don’t miss this exciting auction by the ClareMart Auction Group at the One&Only Hotel, Dock Road at Cape Town’s V&A Waterfront on Tuesday 25 July 2017 at 12h30. A 5% deposit and 10% auctioneer’s commission (excluding VAT on commission) will be payable on the fall of the hammer. The balance is payable on registration of transfer. For more information, contact Sanjeev Boyjoonauth on firstname.lastname@example.org, 021 425 8822 or 071 223 9552, and visit www.claremart.co.za