Claremart Multiple Commercial and Investment Property Auction (Cape Town, 19 March)
The Claremart Multiple Commercial and Investment Property Auction takes place at the Radisson Hotel, Granger Bay on Tuesday, March 19 at 12:30
Some of the properties on auction that day:
Parow Block Tipped to Continue Group’s Successes in Residential Investment Sales
The ClareMart Auction Group recorded high levels of success in 2012 regarding the conclusive sale of several large residential apartment blocks around the Cape Metro area. These blocks offered the medium and larger investor acquisitions that presented positioning, value and prime return on investment.
“Last year our Group saw the sales of two large investment blocks, namely Robyndale, a pristine 40-unit, tenanted Wynberg apartment block which we sold for R21.3million and the Rialto Bay development in Strand which we sold for R 27.72million. We expect the large Northern Suburb residential investor to take an interest in the Parow offering that will be presented at our March Multiple Commercial and Investment Property Auction” says New Business Manager, Andrew Edelstein.
Proteahof at 63 Prinsloo Street, Parow Valley, comprises of 23 un-sectionalised units and will appeal to the investor looking for an acquisition in a high demand rental area. The four storey block includes six bachelor units, nine one-bedroom apartments as well as eight two-bedroom units. “There is more than sufficient parking, with ten undercover bays, four garages and plenty of open parking. This is a great opportunity for the investor wishing to sectionalise with a view to the long term and its lucrative potential” says Edelstein.
Proteahof will be on show on Wednesday, March 13 from 12noon to 3pm and will be auctioned on Tuesday, March 19 at the Radisson Hotel, Granger Bay at 12:30. For information contact Andrew Edelstein on 021 425 8822 or visit www.claremart.co.za
CBD Building Offers Mixed Uses
An immaculately renovated heritage building situated in the midst of Cape Town’s bustling and perennially sought after City Centre will fall under the hammer of the ClareMart Auction Group during their March Multiple Commercial and Investment Property Auction at the Radisson Hotel, Granger Bay on Tuesday 19. “This meticulously restored and refurbished Art Deco masterpiece is currently operating as boutique short –stay and backpacker’s residence and our Group will be selling the building as well as the name, liquor licence, database, website and goodwill” says Sales Director Farrell Perling.
48 Hout Street currently comprises four floors over approximately 600m² and presents the opportunity for further development. The ground floor offers retail space and the accommodation component of the property provides a twelve bunk-bed suite, a ten bunk-bed suite, three six-bunk suites, a four-bunk suite as well as three double private rooms. “This allows for full guest hospitality at fifty residents excluding the top floor which is used a Laundromat and we remind bidders that the building is sold without movables” says Perling. The reception of the backpackers hotel boasts a licensed bar and there is secure access. “Hout Street is situated in proximity to the green Point Stadium Fan Walk, Green Market Square, and offers easy access to the Central Business District, markets and English language schools” adds Perling.
48 Hout Street will be on show on Thursday, March 14 from 12noon to 3pm and will be auctioned on Tuesday, March 19 at 12:30 at the Radisson Hotel. For information contact Farrell Perling on 021 425 8822 or visit www.claremart.co.za
Popular Muizenberg Shopping Centre Up for Grabs
A popular partially tenanted shopping centre in the Marina Da Gama node of Muizenberg will come up for grabs at the ClareMart Auction Group’s March Multiple Commercial and Investment Property Auction at the Radisson Hotel, Granger Bay on Tuesday 19. “This centre is well situated at the access point of Marina Da Gama and services the community within that satellite of Muizenberg” says New Business Manager, Andrew Edelstein.
East Lake Shopping Centre is situated on the corner of Prince George and East Lake Drives and comprises sixteen retail shops which are complimented by approximately 75 parking bays. “ This large centre is built on a 4508m2 erf and offers the successful bidder long term development potential with the possibility of going up several storeys” says Edelstein. The current tenant mix includes a pet grooming parlour, a gym, Laundromat and two restaurants as well as a DVD rental store. “There is also a hair salon, computer shop, art gallery, superette and office tenant in the healthy mixed rental roll” says Edelstein.
Edelstein believes that the rentals currently offer upside potential for the investor and the well maintained centre which is one of few in the area will offer a potentially lucrative purchase. “This well-known centre services an entire established resident community all year round and is exceptionally well supported by the Muizenberg holiday maker over-flow during the season” adds Edelstein.
Bidders are invited to view the centre at their own leisure and East Lake Shopping Centre will be auctioned on Tuesday, March 19 at the Radisson Hotel at 12:30. For rental and other information contact Andrew Edelstein on 021 425 8822 or visit www.claremart.co.za
Platinum Hermanus Lagoon Property to be Presented for Public Auction
A Platinum rated premier resort styled residential property situated directly on the Hermanus Lagoon will fall under the hammer of the ClareMart Auction Group during their Platinum Residential Property Portfolio Auction at the Radisson Hotel, Granger Bay on Tuesday, March 19. “This superb lagoon front villa which has been duly instructed by the Trustees of the KA Spencer Will Trust, has garnered much interest by local and overseas luxury property buyers and the magnificent home will be submitted for auction together with all of its immaculately appointed furniture, fittings, contents and fixtures” says Chief Executive Officer, Jonathan Smiedt.
The spectacular Maanschijnkop villa is situated on Stanford Road and is built on a 2.8HA erf. “The homestead which was originally a luxury boutique hotel was converted into a superb personal residence and has been valued in excess of R30million” says Smiedt. The Group does however remind the discerning property purchaser that the residence will be submitted for public auction and therefore advises interested buyers to attend the auction and bid on this prestigious home.
“The majestic estate home consisting of six suites is located on the water’s edge of the Hermanus Lagoon and is close to the coastal resort town renowned for its world-famous whale-watching and Indian Ocean lifestyle. Property on the lagoon is rarely available and a property of this calibre will be hard to parallel anywhere along the coastal region. Hermanus and Hemel-en-Arde remain globally appealing holiday locations and this sterling estate is nestled in the midst of that sought after leisure playground. Property along that region has maintained its value, despite the global recession and is still a popular purchase for foreign holiday-home investors” says Smiedt.
The six suites are comprised of three large, one medium and two small suites. Each suite consists of two bedrooms and bathroom as well as a living area. The home possesses a large entrance hall with an open-plan lounge and dining area, wine cellar and guest water-closet. A games room with bar, a gym and a Jacuzzi complete the home’s in-door entertainment and leisure facilities. External leisure attributes of this property are a manicured garden, a putting green, a swimming pool and braai area, a tennis court and trampoline.
Additional features are two water reservoirs and four boreholes as well as grounds-manager’s residence, comprising of a two bedroom and two bathroom house and staff quarters which are formed by two semi-detached two bedroom cottages. For security the home offers a fully comprehensive system throughout the property and home. The auction will include all furniture and fixtures.
“Maanschijnkop is a one and a half hour drive from Cape Town International Airport and this exceptional world class resort property offers the successful and discerning bidder either the opportunity to acquire a one of a kind holiday home for the sea and water lover or the potential to revert the estate back into a boutique hotel” adds Smiedt.
Maanschijnkop may be viewed Sunday, March 10 from 2pm to 5pm and Sunday, March 17 from 2pm to 5pm. The home will be auctioned on Tuesday, March 19 at the Radisson Hotel, granger Bay at 1:15pm. For information, contact Andrew Koch or MC Du Toit on 021 425 8822 or visit www.claremart.co.za
Renovated Clifton Home with Scope for Development Under the Hammer
A luxurious and renovated Clifton home which offers views of open sea and an opportunity for future expansion or development will fall under the hammer of the ClareMart Auction Group during their Multiple Commercial and Investment Property Auction at the Radisson Hotel, Granger Bay on Tuesday, March 19. “This property would serve as an ideal bid for the Clifton lifestyle enthusiast who requires a signature home with contemporary designer finishes or the prospective developer with an eye for either expanding on the already sumptuous home or creating an entirely new development” says Auctioneer, Garth Viljoen.
49 Victoria Road is nestled in the midst of the Clifton node, directly opposite Clifton’s world renowned beaches, which “remains a popular purchase with the overseas market and is also a favoured purchase for both local and upcountry buyers who require a lifestyle that emulates exclusivity, sea, sun and the best of the City of Cape Town on its doorstep” according to Viljoen. The home is located on a 543m2 erf and is zoned as B1 which could allow the potential for further expansion of the existing property or the possibility of the development of an exclusive apartment block. “With its positioning between Camps Bay and Sea Point, Clifton is on the coastal route to Hout Bay, offers easy access to the Nek and over into the City Bowl and is a short drive from the Waterfront and this appeal in location creates a continual demand for quality homes and apartments in this node” says Viljoen.
The home currently comprises a three bedroom renovated beach house with all three bedrooms featuring en-suite bathrooms. “The residence is completed with all modern finishes and represents the best in lifestyle along the ‘Platinum Mile’” says Viljoen. There is an open plan lounge, dining and kitchen area which flows out onto a deck that is prime for entertaining. “Long sun drenched lunches on the al-fresco entertainment deck with access to the plunge pool and outside shower are synonymous with summer living on the Mile and 49 Victoria Road offers exactly what the bidder would expect of the address” says Viljoen.
The Atlantic Seaboard node of Clifton is home to some of the most expensive real estate in South Africa and offers a set of four beaches, characterised by granite boulders and almost pure white granitic sand. The Clifton beaches have been rated as some of the Top Ten World Beaches by the cable and satellite television network Discovery Travel Channel as well as Forbes Magazine and have been awarded Blue Flag status. “Clifton is a playground for the rich, famous and trendsetting personalities of not only Cape Town and South Africa but from all the elite sectors of the Global Village” adds Viljoen.
49 Victoria Road is on show on Sunday March 10 from 2pm t0 5pm and Sunday March 17 from 2pm to 5pm and will be auctioned during the Multiple Commercial and Investment Property Auction at the Radisson Hotel, Granger Bay on Tuesday, March 19 at 12:30. For information contact Garth Viljoen on 021 425 8822 or visit www.claremart.co.za
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