The Michael James Organisation has received instruction to bring to auction a Beach Road, Strand, property with considerable investment potential.
The auction house’s Paula Voges says the property is newly renovated and light and bright, with superb ocean and mountain views.
“It currently serves as a guest house and is ideally located on Strand’s Golden Mile, close to all amenities and tourist attractions, and just an hour’s drive from the Cape Town city centre,” says Voges.
“Our upcoming power-of-attorney auction will therefore give bidders an opportunity to acquire an established, income-deriving property.”
The building stands on an erf measuring 595m², but the floor area under roof is around 900m², Voges says.
The ground floor comprises an entrance hall; four guest bedrooms, all with en-suite bathrooms; a living area with fireplace; and a kitchen that has been converted into a workshop.
Upstairs there are three living areas, including a lounge, a dining area and an open-plan kitchen.
Glass stack doors open on to a balcony with 180 degree views.
The upper level includes the main bedroom with dressing room and en-suite bathroom, two guest bathrooms and five storerooms.
In addition, the property has a tiled sundeck and there is parking for about eight vehicles.
A further advantage is that access is provided from both Tulbagh Street and Beach Road.
The auction will be held on site at 11.15am on July 24.
The property may be viewed between 2pm and 4pm on July 21.
For more details, including the terms and conditions relating to the auction, see www.michaeljames.co.za, web reference 5918, or call Paula Voges on 0218517007.