Woodstock is a prime beneficiary of the urban upgrade project and improvements and infrastructure upgrades in this area over the last two decades have paid significant dividends. Landlords are generating upside rental and the demand keeps increasing. Woodstock is in fact a highly sought out neighbourhood for both businesses and people looking for eclectic homes on the urban edge.
ClareMart’s hammer will soon fall on a mixed use complex, on a 150m² erf, with mixed use 2 zoning, and redevelopment potential. Currently the property comprises a retail outlet and two residential units, all of which are tenanted. The corner position further compounds its appeal as this is a prime location, particularly for the shop. The property is not sectionalised and therefore has several options for redevelopment.
“This area is seeing a massive upsurge in developers showing interest to redevelop old buildings and create new residential and commercial spaces. By virtue of the character and traditions of this historic community, the demand for mixed use buildings still remains very high,” said Mike Baigel, ClareMart Auction Executive.
36 A Church Street Woodstock can be viewed by appointment with the auction executive, so that potential bidders can inspect the property up close and get an accurate grasp of the prime location, development opportunities and the general investment appeal.
Don’t miss the opportunity to bid on this commercial venture when it goes under the hammer 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 firstname.lastname@example.org, 021 425 8822 or 082 926 9479.