select
|

MAJOR R63M SALE FOR PAM GOLDING COMMERCIAL

The sale of two prime located, fully tenanted commercial properties - N1 Motor City in Goodwood and Buchanan Chambers in Claremont CBD, both in the Western Cape - has been concluded by Pam Golding Commercial at a total value of R63 million. Both properties have been acquired by an investment company.


Geoff Stroebel, GM of Pam Golding Commercial (PGC) comments: "With the right property yields and as a combined investment, these two prime commercial properties significantly enhance the property portfolio of the investors, who were on lookout for a sound acquisition.


"Comprising 5070sqm of motor related outlets, the modern, fully tenanted N1 Motor City is ideally situated in a very visible location on the corner of Frans Conradie and Vasco Boulevard, adjacent to N1 City Mall in a thriving business hub in Goodwood in Cape Town's Northern Suburbs. Just 10 minutes from Cape Town International Airport and 15 minutes from central Cape Town, N1 Motor City is a very successful retail complex with Landrover as a major tenant."


Stroebel says the 2371sqm Buchanan Chambers is also well positioned next to popular Cavendish Square within a prime retail and business hub - all the more relevant given the rejuvenation of Claremont CBD.


PGC is marketing a number of prime commercial investment properties around South Africa, the bulk in the price bracket between R7 million and R20 million. These include a fully tenanted 700sqm office park in Windhoek CBD in Namibia, priced at eight million Namibian dollars (the equivalent of R8 million), as well as shopping centres on the Garden Route and in Pretoria priced at R45 million and R100 million respectively. Office blocks are also available in prime locations in Gauteng and Bloemfontein priced between R5 million and R48 million.


Issued by Gaye de Villiers



  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 19 Jan 2018
      Extending from Randfontein in the west to Roodepoort in the east and including the towns of Krugersdorp and Magaliesburg, the West Rand has a plethora of property available to residents who choose to make this unique area their home.
    • 19 Jan 2018
      When it comes to financial planning, doing the work to ensure you’re prepared for unexpected emergencies is just as important as ticking off your other goals and New Year’s resolutions. The beginning of the year is also the perfect time to review your various insurance policies.
    • 19 Jan 2018
      No surprises at the first Monetary Policy Committee of 2018, as Reserve Bank Governor, Lesetja Kganyago, announced that the interest rates would stay at their current levels.
    • 18 Jan 2018
      The Southern Suburbs make up some of the most popular residential areas in Cape Town, comprising charming groups of suburbs which lie to the south-east of the slopes of Table Mountain. It is seen as the city's most expensive residential neighbourhoods with a choice of various private schools, upmarket eateries, wine estates, beautiful homes and trendy apartments.
    • 18 Jan 2018
      New year, new goals! If you’ve resolved to purchase your first property in 2018, then this 6-step guide from the Rawson Property Group is a must-read. It will help you navigate and simplify what is often be seen as a confusing process of buying your first home – right from the house-hunt to the house-warming.
    • 17 Jan 2018
      While the current property market may still favour buyers, it doesn’t mean that they shouldn’t be well prepared before putting in an offer to purchase.
    • 17 Jan 2018
      Lightstone lists Blair Atholl as the most expensive suburb with an average house price of R11.2 million, followed by Westcliff (R10.5 million), Dunkeld (R9.3 million), Sandhurst (R9.1 million) and Inanda (R7.2 million).
    • 17 Jan 2018
      As it currently stands, there are four main ways in which a home can be bought in South Africa, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, who adds that deciding in which legal entity to purchase the property is not a decision that should be entered into lightly, as each has its pros and cons.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK