The commercial market in the Northern Suburbs is literally bursting at the seams, with several apartment complexes and retail business centres being taken to market.
ClareMart Auction group has this month alone received mandates for over 26 commercial properties spread across the Western Cape.
Cindal Centre in the hub of Kuils River is located on a very busy road, with high pedestrian and vehicular traffic.
The entire erf comprises 4399m² and there is an abundance of off-street parking available. “The centre currently has 12 tenants, which collectively contribute significantly to the investment appeal of this purchase. Minimum maintenance and upside rental potential are definite factors to consider,” said Mike Baigel, ClareMart Group Auctions Executive. View at 89 Van Riebeeck Road Kuils River, at your leisure.
Just next door, at 85 Van Riebeeck Road, lies another commercial complex, zoned for General Business 2. With upside rental potential, high visibility to passing traffic and ample off-street parking, this is a great investment opportunity. The total erf size stretches over 1739m² and can be viewed at your leisure.
Compact and secure accommodation is in high demand in this growing neighbourhood and potential investors should have no problems finding suitable tenants for a 3-storey sectional title apartment block.
This block houses 57 apartments, some with gardens and 19 lock up garages. The total erf size covers 5610m². Being a facebrick building, there is relatively low external maintenance and with the increasing demand for accommodation, market-related rental income is a great return on this investment. View by appointment at Herman Court, 8-12 Harry Street, Klipdam Kuils River.
Bellville accommodation is as high in demand, particularly with the expansion of businesses moving into the area. People want to commute less and live closer to work.
A sectional title apartment block housing 20 units on the first and second floor, is on the market, and to the right investor, this low-maintenance facebrick building could yield significant returns. The entire erf comprises 1146m². View by appointment at Victon, 13 Retief Street, Kempenville Bellville.
Brackenfell’s commercial nodes are constantly expanding to meet the residential expansion. This facebrick commercial centre, set on a 3000m² erf, includes 12 units and approximately 30 demarcated parking bays. High visibility and upside rental potential make this a sound investment. View at 7 Vredekloof Drive Brackenfell at your leisure.
Don’t miss this exciting multiple 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 Mike Baigel on firstname.lastname@example.org, 021 425 8822 or 082 926 9479 and visit www.claremart.co.za