Green Point hotel goes under hammer

Reflecting on the good results achieved at their previous monthly commercial auctions in Cape Town, Alliance Group is excited to bring to the auction floor a golden opportunity in Green Point.  The group's multiple commercial auction, to be held on October 13 at the One&Only Hotel, will see the Hotel Graeme in Green Point's Main Road fall under the hammer.

The property is situated on a 1462m² stand and consists of two sections: a triple-storey building facing the front and a double-storey building towards the rear of the property. The front section is zoned General Business B with the rear section zoned General Residential Sub-Zone R2. In total, the property comprises 42 suites and two retail stores.

Hotel Graeme, situated at 107 Main Road, enjoys a favourable location proximate to the 2010 Fifa World Cup stadium and V&A Waterfront and boasts easy access to the CBD and ever-popular Atlantic seaboard. The hotel is also conveniently located amid a host of trendy eateries, cafés and cocktail bars along the Green Point and Sea Point strip.

Comments Elias Tzouvanni of Alliance Group: "We have been inundated with calls requesting more information on the hotel. Such is the interest in the property that a separate town planners report has been compiled and included in our brochures. This is just another step we have taken to lessen the workload of our clients and assist them in making informed and educated decisions with regards to purchasing assets." Andrew Cohen, also of Alliance Group, further adds that "good properties coupled with Alliance Group's strategic marketing efforts and tools are a surefire way to attract a generous amount of interest."

The property will be knocked down as part of Alliance Group's upcoming commercial multiple auction that is set to take place at the One&Only Hotel in the V&A Waterfront on October 13 at 12pm.

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