Cape industrial park,CBD retail up for grabs

10 November 2009, Cape Town: Savile Row Auctions has announced that its upcoming inaugural auction will offer the market place a dynamic mix of both industrial and commercial properties when the gavel comes down on the 19th November in the Ballroom, at The Westin Grand Arabella Quays Hotel adjacent to the Cape Town International Convention Centre. The auction starts at 12h00 for both the commercial properties and residential properties.

Kim Faclier, Managing Director of Savile Row Auctions in the Western Cape comments, "We have had an intense run up to our first Cape Town auction event and as a team we are pleased to be able to bring such quality property to the market at our inaugural event. Our commercial property unit is lead by Tony Bales and Guy de la Porte and their immense experience over of 65 years in the market place is evident in that we have 12 prime commercial properties going under the hammer. Furthermore, our residential offering is strong as a result of the fact that Savile Row Auctions is the exclusive provider of property auction services in South Africa for properties listed by Lew Geffen Sotheby's International Realty."

Lew Geffen, Chairman of the Board comments, "Having launched off a cruiser in the Johannesburg Northern and Southern markets in a few short months, we are able to aggregate that expertise and strengthen the offering for the Cape Town market. This is enhanced by the fact that I believe that we have seen the bottom of the market and are moving into an upswing as 2010 approaches."

Some of the properties to go on auction on the 19th of November include:

Micro Industrial Park, Bellville

The Bellville Triangle area is situated just off Voortrekker Road and within a kilometre of the R300 which has easy links to the N1 and N2. With the shortage of industrial land that currently prevails in Cape Town, well priced properties coming to the market will attract owner occupiers that wish to remain in this precinct. Micro Industrial Park is a complex of industrial buildings situated on the corner of Bridge Road and Micro Street in the Bellville Triangle. The property has two buildings on one erf.  The total site area is 7390m², with a gross building area of 5415m². Building 1 which is currently vacant, offers three units ranging in size from 750m² to 3000m². Building 2 is fully let to three tenants with leases in place until 2012 and measures a total of 2400m². Both buildings have a good power supply. The order of sale will be the entire property, the two buildings individually and then the individual units which should attract investors, developers or owner occupiers. At an anticipated selling rate of R2500 per m², which is currently about 40% lower than newly built offerings, this property offers great value in the industrial market place.

71 Burg Street c/o Church Street & Burg Street

This gem of a property is a well preserved and maintained national heritage building with original wooden staircase, floors and wrap-around balcony overlooking Greenmarket Square which is currently being upgraded. The retail component is already fully let with a Gross Rental Income of R35 885.00 per month, comprising of 3 tenants. 71 Burg Street, has a GLA of 857m2 is adjacent to the world-class Mandela Rhodes Place development and the new 5 star TAJ hotel which opens next month across the road from the Company Gardens and Houses of Parliament.

Rose Farm, 10 Charnwood Avenue, Constantia, Zwaanswyk

This traditional four bedroom country style homestead is set on two acres of prime land with magnificent mountain and forest views and offers state of the art equestrian facilities. Located in an older, more established area in the Southern Suburbs, this well designed home is approximately 1050m² in size and has exceptionally good finishes. Despite being close to many amenities, the proximity of the property to the Tokai Forest Reserve means that a country feel is evident. A beautiful swimming pool and lush garden compliment a well integrated entertainment area.

Kenrock Estate, 20 Eagle Avenue, Hout Bay

This prime property is 8000m² and is the largest stand in a private estate in the Western Cape.  The African-style double story five bedroom home is set on pristine land with the most stunning mountain and valley views. In addition to the main house, the property offers a 3 bedroom cottage. Other features include beautiful entertainment facilities, on-site parking for 10 cars and excellent security.

26 Cranko Road, Observatory

A gorgeous restored 2 bed Victorian in the heart of Observatory, close to UCT and the N2 highway with high ceilings, wooden floors and fireplace. The property also has secure on-site parking and quaint garden area leading off the lounge and dining room area.

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