The CEO's Choice

Auction Alliance presents this month’s CEO’s Choice to discerning investors and developers seeking to capitalise on the investment opportunity commercial properties have to offer. The nominated properties include an auspicious boutique hotel in bustling Rosebank and an expansive retail space in popular Seapoint.

 
167 Oxford Road Rosebank, Gauteng 76 Regent Road Sea Point, Cape Town

Opulent Boutique Hotel / Offices – Bank


Exuding old world charm, the beautiful Monarch Hotel in Rosebank, is a prominent landmark on the busy Oxford Road, and is situated directly opposite the main entrance to the Gautrain Rosebank Station. Originally the Saxonwold Post Office during the 1930’s, the heritage site is steeped in history, and offers 11 luxurious suites and one presidential suite. Whilst the façade of the building has remained, the inside has been transformed into an exclusive five star boutique hotel, and features premium finishes. The historic property can either be retained as a boutique hotel, or converted into luxury office accommodation.


Retail Centre in the Heart of Sea Point

The Galleria Centre, a Checkers anchor tenanted retail centre in the heart of the Atlantic Seaboard, presents investors with the opportunity to acquire a successful neighbourhood centre, offering a first-rate development opportunity. Situated on the corner of Regent and St Andrews Road, the property occupies a prominent and easily accessible location, and measures in excess of 7000m². Checkers have a 10 year lease in place, and additional tenants include Steven Rom Liquor Merchants and Stanley Abrahamson Optometrists. The property has an additional bulk to allow for the development of 100 residential apartments, and offers 300 parking bays.

 
 
Cnr Rissik and Pritchard Streets Johannesburg, Gauteng 1 Heerengracht Street Cape Town, Western Cape

HISTORICAL BUILDING


Prominently situated on the corner of Pritchard and Rissik Streets in the heart of the Johannesburg CBD, the historic Stuttafords building is anchor tenanted by McDonalds until 2019. Built in 1893, the property was the first Stuttafords store in Johannesburg, and at 10 Storeys tall, was one of the first Skyscrapers in the Johannesburg CBD. The landmark property presents investors with a first-rate redevelopment opportunity to develop 143 residential apartments, within an area that is currently attracting significant investor demand.

REDEVELOPMENT OPPORTUNITY

Fountains Place, a well-situated situated building in Cape Town’s foreshore, offers an excellent redevelopment opportunity for the owner occupier. The 9 storey property is situated at 1 Heerengracht Street, adjacent to the Heerengracht fountain, within close proximity to Cape Town Station. The property is suited to conversion to residential, and its excellent location affords investors and potential owner occupiers with a prime branding opportunity in the heart of the CBD.