Park Village Auctions (PVA) have been instructed to auction a sizeable commercial property in Heidelberg which represents a unique investment opportunity.
That’s the word from PVA’s Andrew Dix-Peek who says that the property holds potential to investors who “think outside the box”.
Located at number 37 Jacobs Street (on the corner of Voortrekker Street), the property comprises six ground-floor retail shops and incomplete residential apartments on the upper level.
Additional improvements include a single storey residential dwelling which has been converted into a restaurant with space suitable for shops or offices and a large “patio area” as well as ample on-site customer parking. The property measures 4 988m².
Adds Dix-Peek: “This property represents a good investment opportunity for a reasonably broad cross-section of buyers.
“It is favourably located on the corner of a main road which is ideal for retail with the added income potential from the upstairs apartment units. The additional space offered by the converted adjacent residential dwelling lends itself well to office space, an open-plan shopping centre or an al fresco retail and restaurant square.
“The entire property, in fact, could be converted into a convenient shopping hub for tourists visiting the area as there are a host of guesthouses, lodges and self-catering accommodation in the surrounds.”
When and where
The auction will commence on site at 11 am on Thursday June 7.
For details regarding viewing or further information, interested parties can call PVA on 087 160 0521.
For more information contact Park Village Auctions on 011 789 4375 or go to parkvillageauctions.co.za