Whoah, there hasn’t been an auction on the Camps Bay strip since the place next door to Caprice, now occupied by The Grand Cafe, went for around R40 million sometime last year.
And now, the highly sought after building on the other side of The Grand Cafe is going under the hammer. I spotted them putting up the sign this morning as I dried off my glistening torso, following my morning swim in the mighty Atlantic Ocean.
Camps Bay Auction
Sandbar building on the Camps Bay Strip
Years of investments and successes and failures has proven that this end of the Camps Bay Strip (“Westside”) is in another league of cool, compared to the other end (“Eastside”). There are a number of contributing factors, not least of which being the fact that they (the Westside shop fronts) don’t have a view of the taxi rank and public toilets over the road.
That’s why, a few years ago, someone asked me what I think the three most important things are about buying real estate. I thought about it for a while and it became clear. So I said unto them, “location, location, location” – because, honestly, I think that is the most important thing.
Since then I’ve found a lot of people using this saying that I made up and I urge you to do the same, because I believe it’s true.
The Camps Bay Strip
“WESTSIDE”
This is prime real estate and I wouldn’t be surprised it got a similar price to its neighbour, what with 2010 around the corner blah, blah, etc. etc.
Come on, it’s a no brainer.
I got some information for you on the site.
Check it out:
31 VICTORIA ROAD, – CAMPS BAY
* ERF SIZE 476 SQM
* ZONING: GENERAL BUSINESS B1
* BUILDING EXTENT: 583m²
* BULK: 1.2
* COVERAGE: 100%
* RENTAL INCOME: R1 210 459 P/A
* IMPROVEMENTS CONSIST OF:
* THE SANDBAR RESTAURANT
* 4X 2 BEDROOMED FLATS
* CARETAKERS COTTAGE
* A NEVER TO BE REPEATED OPPORTUNITY FOR THE DISCERNING INVESTOR
I like the idea of those 2 bedroom flats. One of them could be turned into a new 2oceansvibe HQ. That would be pretty cool.
The auction is on 26 May, 2009 – on site. Be there if you want an opportunity at grabbing one of the planet’s most sought after pieces of real estate.
CLICK HERE for more information from the auctioneers.
Contact me on editor@2oceansvibe.com if you need representation at the auction.
