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PRIME RETAIL SPACE ADJACENT TO CAVENDISH SQUARE ON THE MARKET


Prime commercial space - particularly retail accommodation - in Cape Town's sought after Southern Suburbs is generally in demand, and currently Pam Golding Commercial (PGC) is marketing some interesting options which include space available adjacent to prestigious Cavendish Square, Claremont and in Wolfe Street - the main street in Wynberg's quaint Chelsea area.


Says Sue Freeling, leasing and sales consultant for PGC: "It's very rare to find any space available at all in these two prime locations. In addition, the positioning of these properties is ideal. The first is 102sqm of very high profile space in Cavendish Road, set among upmarket boutiques opposite Cavendish Square and marketed at R260 per square metre. The other comprises 100sqm of space to let - ideal as a studio or office, on the first floor of a beautiful period building adjacent to jewellery, fabric and décor shops in Wynberg's highly sought after Chelsea area, available at R110 per square metre."


She says the rejuvenation of Claremont's CBD/Main Road area - close to Cavendish Square - coupled with its convenient access to major routes such as the M3 and the entire Southern Suburbs has boosted interest in commercial property in this vicinity, particularly among small businesses seeking space. Also adjacent to Cavendish Square and available to let is 700sqm of A Grade office space on the second floor of a refurbished, well maintained building. This is marketed by PGC at R110 per square metre and 16 parking bays are available at an additional cost.


Also available to let and situated in Main Road, Claremont, near the newly completed Pick 'n Pay building, are two floors of offices, comprising 465sqm and 230 sqm respectively - both with exceptional views of Table Mountain. The rental rate is R95 per square metre.


Further south on Constantia Main Road, with high visibility and easy access via Gabriel Road is a 690sqm erf which includes a house formerly used as an organic retail and coffee shop. This property can be utilised as retail space, restaurant or offices. Including 18 parking bays and priced at R2.95 million, this property could easily be converted or extended.


Issued by Gaye de Villiers



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