Commercial properties in the Southern Suburbs, don’t always easily change hands, so ClareMart is excited to be taking to market three exceptional commercial investment opportunities that are bound to yield significant returns.
In Wynberg, with its high concentration of both pedestrian and vehicular traffic, this commercial building benefits from exceptionally high visibility and subsequently has upside potential. Corner properties are particularly well positioned and this double-storey building is no exception. “The building is fully tenanted, with short-lease retail tenants on the ground floor and a 2nd tenant occupying the upper floor also on short lease. There is definitely potential to re-tenant the building, with upside rental potential,” said Mike Baigel, ClareMart Group Auction Executive.
210 &212 Main Road Wynberg is on show Tuesday 14 and Wednesday 22 May from 12-2pm.
Just further down the line, at 176 Main Road in Claremont, a commercial building with prime main road location is a superb investment opportunity. The building comprises retail and office components and the facade offers massive signage and branding potential. With lettable space on multiple levels (shop size ± 124m², 1st Floor ± 118m² and 2nd Floor ± 86m²), the income generating potential is huge. It is an ideal investment or owner occupier opportunity.
Staying in Claremont, the student accommodation market is positively booming. With students from the University of Cape Town, Cape Peninsula University of Technology and several other private higher education institutions constantly in search of convenient and prime location lodging, this free standing building just behind Main Road, is the ideal response to the student accommodation market. Located at 119 Roscommon Street, this building houses 15 rooms, which could yield significant monthly rental income. On show Wednesday 15 and Monday 20 May from 12-2pm.
Don’t miss these and other incredible investment deals at ClareMart’s next multiple auction, at Hellenic Community Centre, 24 Bay Road Mouille Point, on Wednesday 29 May 2019 at 12h30. For more information on the range of properties available, contact Farrell Perling on email@example.com or 072 040 7274.