Commercial property in Heidelberg up for auction – a unique investment opportunity

Park Village Auctions have been instructed to auction a sizeable commercial property in Heidelberg which represents a unique investment opportunity. That’s the word from PVA’sAndrew Dix-Peek who says that the property holds a fair amount of 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 andincomplete 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 furtherretail shops or offices, and a large “patio area” as well as ample on-site customer parking. The property measures an impressive 4 988sqm’s in total.

Adds Dix-Peek: “This property represents good investment opportunity for a reasonably broad cross-section of buyers.

“It is favourably located in the heart of the town 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 options in the surrounds.”

The auction will commence onsite at 11am on Thursday the 7th of June.

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