Growth opportunity
Aucor Property has announced it will handle a large corporate disposal at its upcoming Cape Town Auction on August 29 at noon at the Pavilion Conference Centre, the Clocktower, V&A Waterfront.
Bradley Stephens, director at Aucor Property, says, “Following numerous successful multiple and standalone auctions in the Cape region, the team has developed strong relationships with numerous institutional sellers looking to de-bulk their portfolios of non-core assets which enables us to bring this type of quality industrial properties to the market.”
Headlining the event is a large industrial property in the Salt River node. Located in this traditional industrial area between Observatory and Woodstock is 5 Malta Road. The property is zoned for mixed
use 2 which is cause for great investor interest in terms of the variety that mixed use 2 zoning allows. This includes business premises, industry, residential, place of instruction, place of worship, institution, hospital, place of assembly, place of entertainment, hotel, conference facility, authority use, utility service, rooftop base telecommunication station, transport use, multiple parking garage, private road and open space.
The property features a generously sized warehouse building that has a gross building area of 3 800m2. The warehouse is accessed via roller shutter doors and various access ramps in the building and offers premium height. In addition, there is a separate double storey office building that is about 400m2 in size and is well finished. There are various outbuildings and a tarred yard area. Additional parking is provided for on the north eastern boundary of the property, however, it is located off the property itself.
Jonathan Aitken, business development executive for Aucor Property, says, “It is a well-known fact that Salt River is undergoing tremendous redevelopment due to the limited space available in Cape Town and as such we have seen significant interest in this site as it is rare for this type of asset to come to market. The site offers both a redevelopment opportunity to an investor or could be owner occupied in its current state.”
For more information contact Aitken on 082-453-1119 or visit www.aucor.com
