Philippi has massive scope for industrial and commercial development and demand for property in this area is steadily increasing. ClareMart now give entrepreneurs and property investors an opportunity to cash in on a lucrative commercial investment opportunity, with a blue chip tenant and additional lettable space.
The main tenant on this property is Britos Meat Market, and there are two other units currently being owner occupied, which could also yield rental income. Spanning a total of 2110m², this property has massive development potential. As it stands, there is gross annual rental income potential of R750 000.
“With easy access to major routes and within close proximity to public transport infrastructure, this site has excellent visibility and benefits from high vehicular and pedestrian traffic,” said Sanjeev Boyjoonauth, ClareMart Senior Auction Agent.
137 Lanzerac Road Philippi is on show one last time on Saturday 25 May from 12-2pm, where potential buyers can inspect the property up close and see the true extent of the investment appeal.
Don’t miss the opportunity to bid on this property at ClareMart’s next multiple auction, at Hellenic Community Centre, 24 Bay Road Mouille Point, on Wednesday 29 May 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 Sanjeev Boyjoonauth on firstname.lastname@example.org or 021 425 8822 or 071 223 9552