Hyde Park site has big potential

    Hyde Park site has big potential

    A highlight of ClareMart’s upcoming multiple commercial auction will give interested parties the opportunity to bid on a property in Hyde Park, with the potential to build six luxury homes.

    The property, 76 Third Road, Hyde Park, will fall under the hammer on October 30 at The One & Only Hotel, V&A Waterfront, Cape Town.

    ClareMart’s executive sales head Farrell Perling says: “Hyde Park is one of Johannesburg’s most sought-after upmarket areas and this is one of the last large properties available for this kind of residential development.

    “It is a 3 965m² prime development site with residential 2 zoning, situated close to Hyde Park shopping centre.”

    Set between Illovo, Sandhurst and Craighall Park, the 2.8km² area of Hyde Park is one of Gauteng’s wealthiest and most prestigious suburbs, where property values are perennially high.

    Echoing its London namesake, the suburb is well known for offering a gracious and luxurious lifestyle. Homes range from the early grand estate houses on sweeping properties to contemporary and lavish cluster homes and townhouses.

    Perling says: “… despite its centrality, [Hyde Park] is famous for its tranquillity as there’s very little traffic in the leafy residential component.

    “We expect huge interest. Qualified, potential buyers from Johannesburg should note that the auction is taking place in Cape Town and telephone bidding will be made available.”

    When and where

    76 Third Road, Hyde Park will be auctioned at the ClareMart multiple commercial auction on October 30 at 12.30pm.

    Show days are on October 14 and 21 from 2pm to 5pm.

    For more information contact Farrell Perling on 072-040-7274 or 021-425-8822.

    E-mail farrell@claremart.co.za or visit claremart.co.za

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