AUCTION
ON AUCTION - 21 NOVEMBER - SS NASSAU BUILDING - APARTMENTS AND RETAIL - BELLVILLE, CAPE TOWN
ON AUCTION - 21 NOVEMBER - SS NASSAU BUILDING - APARTMENTS AND RETAIL - BELLVILLE, CAPE TOWN
A fully sectionalized block of apartments with retail on the ground floor is going to auction! This property is located at 134 Durban Road in Bellville, directly opposite the Vodacom HQ. Opportunities like this rarely make it to the auction market, especially in Cape Town.
The residential component is fully let and there is strong demand for the apartments, with a waiting list of residential tenants. The retail component currently provides occupation to two local retailers and there is additional space available for a new tenant. Although we feel that a fast-food restaurant could work very well, the occupation of this space will be up to you as the new landlord of the building. There are currently negotiations with a possible tenant.
There is parking available at the rear end of the property which can be accessed via Victoria Road. The asset aligns itself extremely well to the demand for residential and retail accommodation in the Western Cape. The sectionalization process has already been undertaken by the current owner and therefore you as the new owner would acquire all sections within the sectional title scheme.
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