A prime Paarden Eiland sectional title office property has been sold by Guy de la Porte in a joint venture with Broll Property Group. The property is the first floor section at Marine Corner Paarden Eiland and it was sold to a private investor for R725,000 ex VAT. Demand for smaller commercial and industrial investment properties exceeds supply in Cape Town with Capitalization rates reaching below 8%. This property is unique in that it has six parking bays, 4 undercover, right outside the premises. The property is also 5 minutes from the Bus Rapid Transport (BRT) Station. It also offers billboard opportunities facing the busy Marine Drive. The property was purchased vacant with negotiations underway with two prospective tenants. Paarden Eiland is becoming increasingly popular for offices and showrooms.
Paarden Eiland has become the most sought after industrial area for Cape Town Industrial Property Investors. The reason for this is quite simple. It is situated just out of Cape Town and alongside the ocean. From a heavy industrial area servicing the harbour, Paarden Eiland has become a DIY and furniture Hub, with showrooms dominating the busier streets.
