select
|

PRIME LOCATED 3000SQM COMMERCIAL PROPERTY IN CAPE TOWN SOLD BY JHI

A prime located, 3000 square metre commercial property in bustling Paarden Eiland’s main road in Cape Town has been purchased by Johannesburg-based Union Tiles to launch their Cape Town store. The sale of the property, which is for an undisclosed sum, was concluded by local JHI broker Seamus Daly in conjunction with Greenlight Auctions.

Says Daly: “We were in the process of negotiating the lease of vacant space in the building to Union Tiles when the other tenant also vacated the property. As a result the entire building became vacant and the previous owners decided to sell and were going to auction the property when we introduced Union Tiles, who were interested in acquiring the property.

“Now that the property has been purchased by Union Tiles in order to open their 11th store nationally – their first in Cape Town - JHI is now marketing the remaining available space, which comprises some 1800sqm of prime retail and warehousing accommodation,” says Daly.

Located in a sought after position in Paarden Eiland Road and facing the N1, the property enjoys major exposure to passing traffic, with loading access from Industry Street at the rear. In addition to the N1, it has easy access to the M5, N2 and the city’s Integrated Rapid Transit (IRT) System, and is within easy reach of Cape Town harbour and central city.

The available space is marketed by JHI at R55 per square metre. Says Daly: “This is good value for money given the ideal location and exposure.  It’s accessible for employees, as the IRT station and the railway station is only a five minute walk. The positioning of the building could not be better, as it is right in the hub of a well-patronised retail and warehousing hub colloquially referred to as ‘Tile Mile’,” he adds.

From its origins in 1910 as a small cement and terrazzo tile producer, Union Tiles is today a leading importer and exporter, having evolved into a multi-faceted corporation which manufactures and markets the latest trends and developments in the tile, wall and floor décor industry. With head office and factory in Bedfordview, it has existing outlets in Randburg, Centurion, Nelspruit, Bloemfontein, George, Ballito, Burgersfort, Pietermaritzburg and Windhoek. Outlying regions are covered via Union Tiles’ independent distribution network and the company supplies large export contracts to neighbouring countries.

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 Apr 2018
      The rental market is a cut-throat sector of the real estate market that waits for nobody. According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, first-time renters need to be fully prepared before they even start the process of looking for a place to rent in order to avoid the disappointment of losing out on their ideal property.
    • 19 Apr 2018
      Choosing to buy your first home instead of continuing to rent is a big decision that will usually take some time to put into action, but the sooner you can save up a sizeable deposit, the closer you will be to reaching your goal.
    • 18 Apr 2018
      Selling your home is no small task and as you will quickly find out, there are a lot of misconceptions about the process. Gerhard van der Linde, Seeff's MD in Pretoria East lists the top 5 misconceptions when you are selling your home.
    • 18 Apr 2018
      The Cape Town municipality is now installing water-management devices at properties that have been non-compliant with the new level 5 water restrictions and there are talks of fines between R5,000 and R10,000 for households that use too much water.
    • 17 Apr 2018
      The recent interest rate cut has stoked the coals in the first-time buyer’s market. At least for the next two months until the next interest rate announcement, homeowners are guaranteed lower monthly instalments than in the previous quarter. But, is it wise to take out a 100% bond just to enter the property market while interest rates are low?
    • 17 Apr 2018
      By the end of 2017, very few housing markets remained unaffected by the mounting pressure of the prevailing economy and political climate but some fared better than others, especially sought-after, well-situated suburbs like Parktown North that tick the top boxes on buyer’s wish lists.
    • 17 Apr 2018
      With urbanisation at its peak and population density in major cities reaching frustrating levels is it any wonder that more South Africans are choosing to move away from the chaos to a quieter life?
    • 16 Apr 2018
      When you are selling your home, you will have potential buyers coming to view it. During these times, you will need to ensure that each room of your home is clean and beautifully decorated.
        
    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