Cape Town remains a market leader when it comes to the property market. It has maintained a remarkable double digit year-on-year growth of nearly double the national average over the past ten years. This growth has ensured high returns on investments for property buyers.
Investors now have a fantastic opportunity to capitalise on the stellar growth in property prices. ClareMart Auction Group has on offer an entire block of flats with commercial units included in the building. Erica Court is located in a sought after area in Parow, and provides the entrepreneurial investor with an opportunity to redevelop the building. It is situated opposite the bustling Parow Centre and adjacent to the popular Fairfield Butchery. Consisting of 26 apartments and three commercial units, it also includes 11 garages, ensuring a high return with 10% annual increases.
The building is situated over three erven, the extent of the combined erven totalling 1479m². The property is not sectionalised and offers lucrative potential as it is zoned for general business purposes.
Erica Court, 333 Voortrekker Road, 114 & 114A Wynne Street, Parow will be auctioned at the ClareMart Multiple Commercial Auction on Wednesday, 28 February 2018 at 12h30, at The One & Only Hotel, V&A Waterfront, Cape Town.
Viewing dates are Wednesday, 7th February 2018 and Wednesday, 21st February 2018 from 12h00 to 14h00.