Strand, on the False Bay Coast, is a busy mix of commercial and residential spaces, right on the beachfront. ClareMart Auction Group’s hammer will soon fall on a prime commercial property that is currently operating as a retail trading centre.
Set on a 1773m² erf, this property, with General Business 4 zoning, can be used in its existing capacity, or could be redeveloped as a mixed use site for retail, offices and apartments. Scheme proposals to this extent are in place, for a 10-storey building.
“The location is excellent, with uninterrupted sea and mountain views. This is a great investment opportunity and if redevelopment to its maximum potential, could yield significant returns,” said Mike Baigel, ClareMart Executive Property Head.
Viewing at 16-28 Michau Street Strand will be done by appointment.
Don’t miss this exciting auction by the ClareMart Auction Group at the One&Only Hotel, V&A Waterfront, on Tuesday 28 November 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, or to view, contact Mike Baigel on email@example.com, 021 425 8822 or 082 9269479, and visit www.claremart.co.za .