Commercial property investors on the lookout for property in prime areas, where the foot count is known to be high, will be interested to learn that a double Blue Chip unit for warehousing/industrial use, leased to three separate reliable lessees, one of which is the display printing department of a national chain, is coming up for auction soon in the Claremont, Cape Town, precinct opposite Caxton Book Shop, close to Kenilworth Centre, Access Park and the Peninsula freeway system.
Rawson Auctions are handling the auction which will be held at the Rawson head office in Newlands at 12 noon on 28th March, "a date to be marked in any serious property investors diary," says Tanya Jovanovski, franchise principal for Rawson Auctions in the Western Cape. (The Rawson head office address is 222 Main Road, c/o Klipper Road, Rondebosch.)
The unit to be auctioned is 16/18 Warrington Road, Claremont. The lettable area is 1 297m² and the buildings have a high street fronting visibility. Zoned for "light industrial", retail operations are currently taking place on the Glosderry industrial site, says Jovanovski.
One current tenant operates a successful shoe factory shop and another lessee supplies schools with teaching materials. The premises have ample parking and loading facilities.
Jovanovski says that this is one of the best properties as yet handled by the two year old Rawson Auctions.
"We are expecting to achieve bids for the reserve price of R7,9 million. However, offers are welcome and will be considered," said Jovanovski.
"The tenancies here," she said, "have some time to run, making this as sound an investment proposition as it is possible to find. If you are serious about investing in property, this is an auction that you should attend."
Those wanting to inspect the property now should contact Rawson Auctions Victor Schonborn on 083 792 4169. No registration fee is charged to bid. Rawson Auctions expect a 5 % deposit to be paid on the fall of the hammer and charge a 10% commission over and above the purchase price.
