Strong bidding is expected later this month when ClareMart auctions a tenanted commercial building in Northumberland Road, arguably the most sought-after street in this area.
The building, currently occupied by a seafood retailer, comprises 600m² of lettable space and yields rental income of almost R672000 a year.
Anton Koegelenberg, ClareMart senior auction consultant, says businesses are clamouring for space in Northumberland Road.
“This high-visibility property on offer is an investment second to none. The abundance of free parking adds to its appeal as this is often a vital factor for shoppers.”
The property at 38 Northumberland Street is on show on August 13 and 21 from noon to 2pm, and is one of the lots for ClareMart’s next multiple property auction to be held at the Hellenic Community Centre, 24 Bay Road, Mouille Point, on August 28 at 12.30pm.
For more details, email Anton Koegelenberg on [email protected], call 0836315950 or see www.claremart.co.za.