The 13-storey Sunbel building, a landmark in Cape Town’s Bellville CBD, is going on auction.
Offering close on 20 000m2 of gross lettable area and Business 4 zoning, with additional bulk available for development, the high-rise building consists of commercial offices with a retail component on the ground floor.
Located at 3 Old Paarl Road, with easy access to adjacent Voortrekker Road, the Sunbel building falls into both the Voortrekker Road Corridor Improvement District and the Belville Urban Development Zone.
The building has 520 parking spaces including open air, basement and covered bays which serve retail customers and are also leased to current tenants which include Clicks and Planet Fitness.
The property will be auctioned at 12:00pm on the 16th of February 2022 via Broll Auctions at Wanderers Club in Johannesburg.
Update (7th April 2022):
Sold to a private buyer for an undisclosed amount.
