PRIME APARTMENTS IN THE HEART OF SALT RIVER

 The ClareMart Auction Group will soon auction six apartments in Durham Square located in Victoria Road, Salt River. According to Agent Rod Harris the ClareMart Auction Group was duly instructed by Progressive Administration and Sanek Trust, joint trustees in the matter to auction the apartments due to an insolvent estate. “The apartments may be offered separately and together, which will give home hunters and investors the opportunity to bid at the auction” adds Harris.

Salt River is seeing more and more young professionals and families moving into the area which offers easy access to the city centre and its many attractions. The town is a colourful and vibrant neighbourhood and one of Cape Town's oldest. Recent developments such as the popular Biscuit Mill, Bromwell Boutique Mall and the many restaurants and eateries are firmly repositioning the area as one of Cape Town’s trendiest addresses.

Each apartment comprises a tiled open plan kitchen with built-in cupboards and stove, a lounge and dining room, one bedroom with built-in cupboards and wall-to-wall carpets, a fully tiled en suite bathroom and a tiled balcony.

Apartment 810B is 56m² and offers a rental income of R4 158 per month and the current lease expires in March 2011. Apartment 811A is 54m² and offers a rental income of R3 780 per month and the current lease expires in April 2011. Apartment 901A is 48m² with a rental income of R3 500 per month and its current lease expires in October 2011. Apartment 901B is 50m² with a rental income of R3 200 per month and is on a month to month lease basis. Apartment 903 is 48m², has a rental income of R3 500 per month and its lease expires in January 2011.

Those interested may view the apartments on Sunday 25 July from 2-5pm and will be auctioned on Tuesday 27 July on site at noon. For more information contact the ClareMart Auction Group on 021 425 8822