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2,050m² Apartment Block For Sale in Bellville Central

AUCTION

1 - 22 Nassau Building
Web Ref No CL34642

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.

For more information get in contact with us so that we can get you registered.

Features

Zoning Mixed Use
Floor Size 2,050m²
Land Size 1,624m²

Broker Contact Details

Matthew Counsell
Broll Auctions and Sales

Cell 074 618 2222
Office (087) 7008289
WhatsApp Me
Tim Counsell
Broll Auctions and Sales

Cell 071 247 2338
Office (087) 7008289
WhatsApp Me

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