Building on its reputation as a market leader at offering valuable and competitively priced commercial property, ClareMart successfully secured a winning price of R4 237 000 for a high visibility corner building in a prime location in Woodstock, at its multiple commercial property auction held at the One & Only Hotel, Dock Road, V&A Waterfront, Cape Town, on 27 June 2018.
The corner building at 66 Newmarket Street, with its dual street accessibility proved to be an ideal investment opportunity. It could also serve as an owner occupier property for the new owner. Primely located in the lower end of Woodstock, the highly visible building has outstanding signage or branding potential with its exposure to passing traders, motorists and pedestrians on two road frontages.
The building is located in close proximity to public transport and provides for easy access to the CBD, Southern Suburbs and Paarden Island. The building has an ungraded development zoning and was sold with vacant occupation on transfer of the property.
The auction model remains a highly effective platform to sell or acquire valuable commercial property at market related prices. In a relatively short turnaround time a cash offer, often in excess of the expectation of the seller, is secured in a no-fuss property sale.
To submit your property for auction, or for information about available properties and upcoming auctions, contact Farrell Perling, on 021425 8822 and 072 040 7274, or firstname.lastname@example.org and visit www.claremart.co.za.