Two commercial properties in the Northern Suburbs of Cape Town are being brought to auction.
This 495sqm dual property in Goodwood, Cape Town, has a goods lift and 150 amp electricity supply. It will be auctioned on 18 July at 12h00 - click here to view.This is according to Greg Nafte, Co-Director of Nexus Property Group (NPG), who says the first property, a mixed-use commercial site located in the central residential node of Goodwood, is a unique offering as it includes a factory with reception and offices in excellent condition, while the second property comprises a warehouse in the main industrial node of Killarney Gardens.
Nafte says both properties will be auctioned on 18 July 2017 from 12h00 at 125 Waterkant Street in Green Point.
“This auction presents both property investors and potential owner-occupiers with a chance to acquire property within two leading Cape Town locations,” says Nafte.
Mixed-use commercial facility in Goodwood, 23 Kimberley Road
After over 20 years of operating their business from the premises, Nafte says the current owner has vacated to expand their business operations, and the property will be sold with vacant occupation.
He says this offers owner-occupiers an opportunity to acquire a unique asset that has been well maintained and offers both commercial, as well as industrial, facilities in an area where unique properties such as this are seldom available.
This 1 025sqm commercial property in Killarney Gardens, Milnerton, has a gross lettable area of around 720sqm, and will be auctioned on 18 July at 12h00 - click here to view.Located a mere 40m from Voortrekker Road - offering access from several main transport routes including Voortrekker Road, Jakes Gerwel Drive as well as the N1 and N2 highways - this property has several notable features, such as 150 amp electricity supply, roller shutter access, as well as a goods lift and off-street parking.
“The City of Cape Town is intending to invest several millions in funding and upgrading in order to stimulate growth and improvement in the area, and the Voortrekker Road City Improvement District has already seen positive upgrades such as CCTV installation in the Goodwood area,” says Nafte.
For more information on the property, click here.
Industrial property in Milnerton, 104 Kyalami Drive, Killarney Gardens
Situated in Killarney Gardens, the warehouse has an erf extent of 1 025sqm, including a gross lettable area of roughly 720sqm. Having become available due to corporate restructuring, this auction presents buyers with an opportunity to acquire industrial property within an area that is in high demand.
“The property is currently tenanted, and offers an attractive initial yield on a conveniently-located asset, making it perfectly suited to investors looking to enhance the value of their current portfolio,” says Nafte.
For more information on the property, click here.
According to Nafte, in order to participate in the auction, the purchaser will need to register and submit a R50 000 refundable deposit along with FICA documents.
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