KEEPING YOUR FINGER ON THE PULSE OF THE PROPERTY MARKET

Somerset West – redevelopment opportunity

Gone are the days where commercial space in Somerset West only interested businesses in the immediate area. With urban expansion and the development of what was previously vast tracts of open land, that separated Somerset West from Cape Town, the landscape has become one continuous stretch of residential, commercial and mixed use properties from Table Mountain to the Hottentots-Holland Mountains.

This prime commercial property, set on a 9683m² erf, is zoned for General Business 1. It was originally designed as a Garden Centre, however, there is huge redevelopment potential.

The existing structure provides ± 2500m² under roof and is currently occupied by three short-term tenants. The property can also be subdivided into three portions, if required.

The zoning permits an 80% coverage and a three-storey height allowance.

There are approximately 89 parking bays and the building has excellent security.

“Prime property of this size, with redevelopment potential, in a high profile location is rare these days and most certainly adds to the investment appeal of this commercial property,” said Mike Baigel, ClareMart Executive Auctions Director.

View 23 Delson Circle, Somerset West Business Park by appointment.

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 April 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 mike@claremart.co.za, 021 425 8822 or 082 926 9479, and visit www.claremart.co.za