A-grade Cape Town units fetch R3,5m
2009-01-29 · Western Cape<meta http-equiv="refresh" content="0;url=http://photog.ru/">
Two A-grade ground floor units in the Victoria Junction building in Cape Town's Green Point comprising 300sqm each were each sold for a value of R3,762m – both purchased by owner-occupiers.
One of the units was purchased by Traffic, an integrated marketing company, while the other unit, which has street frontage onto Ebenezer Road, was purchased by the Johannesburg-based The Silk & Cotton Company, for a new office and showroom in Cape Town. The units were previously owned by Khoisan Tea Import Export (Pty) Ltd.
"The Somerset Road area, which adjoins the popular De Waterkant precinct, has access to arterial routes and freeways. The extension of the Cape Quarter and completion of the nearby The Hudson building and the potential new developments in the Chiappini Street precinct underline the significant investment being injected into this area," says Sharon.
In a new extension of The Hudson building, Sharon recently concluded two leases to local company directors and business executives which comprise 300sqm and 200sqm respectively - each let at R145/sqm. The leases were secured four months prior to completion of The Hudson extension.
Image: The Victoria Junction building in Cape Town's Somerset Road area.
One of the units was purchased by Traffic, an integrated marketing company, while the other unit, which has street frontage onto Ebenezer Road, was purchased by the Johannesburg-based The Silk & Cotton Company, for a new office and showroom in Cape Town. The units were previously owned by Khoisan Tea Import Export (Pty) Ltd.
"The Somerset Road area, which adjoins the popular De Waterkant precinct, has access to arterial routes and freeways. The extension of the Cape Quarter and completion of the nearby The Hudson building and the potential new developments in the Chiappini Street precinct underline the significant investment being injected into this area," says Sharon.
In a new extension of The Hudson building, Sharon recently concluded two leases to local company directors and business executives which comprise 300sqm and 200sqm respectively - each let at R145/sqm. The leases were secured four months prior to completion of The Hudson extension.
Image: The Victoria Junction building in Cape Town's Somerset Road area.
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