KEEPING YOUR FINGER ON THE PULSE OF THE PROPERTY MARKET

Nerissa Estate – Tenanted Industrial Complex with Development Potential

ClareMart has again proven to be a trusted market leader at offering competitively priced and affordable commercial property. With a winning bid of R7 352 400, a tenanted industrial complex in Lansdowne, was acquired at the ClareMart Multiple Commercial Auction at the One & Only Hotel, Cape Town on the 27th March 2018.

The industrial complex has a total size of 2 974m² and consists of 8 tenanted units in a commercial building located at Nerissa Estate,14 Flamingo Crescent, Lansdowne.

With its excellent location and ample off-street parking space, the property is ideally suited for redevelopment which could increase the current GLA of the building from 1 106m² to a potential bulk of ± 8 300m².

“Both the seller and purchaser were delighted with the purchase price and the new owner has a guaranteed high return on his investment,” said ClareMart’s Executive Auctions Director, Mike Baigel.

The auction model remains a successful forum to attract qualified buyers for the effective sale of valuable commercial property. Not only does an auction process secure a cash offer within a short period of time, it often delivers a price in excess of the expectations of the seller. An added advantage for sellers at auction is that they don’t incur the usual extra costs of advertising and commission costs.

To submit your property for auction, or for information about upcoming auctions and available properties, contact Mike Baigel on 082 926 9479 or mike@claremart.co.za, and Farrell Perling on 072 040 7274 or farrell@claremart.co.za and visit www.claremart.co.za.