ClareMart brings property investors and developers a solid investment opportunity in this large Rosebank building, in prime location, with great re-development potential.
Located at 19 Main Road, with 12 very spacious rooms, and three bathrooms, covered balconies and huge paved outside area, there is a great opportunity to develop student accommodation with common areas for relaxation and study, particularly in this highly sought after student neighbourhood.
Rosebank is on the doorstep of the University of Cape Town and the Cape Peninsula University of Technology and the demand for accommodation is constantly under pressure. Furthermore, the close proximity to all major public transport options, i.e. bus, taxi and train, compounds the appeal for rental accommodation exponentially.
“This property benefits from excellent location and an ever–growing student market. With clever redevelopment, it could yield significant returns, either as accommodation, or for higher education purposes,” said Mike Baigel, ClareMart Auction Executive.
Don’t miss the opportunity to bid on this property at ClareMart’s next multiple auction, at the new venue, Hellenic Community Centre, 24 Bay Road Mouille Point, on Wednesday 24 April lat 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 email@example.com, 021 425 8822 or 082 926 9479and visit www.claremart.co.za