As one of the oldest established residential suburbs in Cape Town, Tamboerskloof offers limited development opportunities.
However, at its upcoming multiple commercial property auction, ClareMart will offer an opportunity for investors to acquire a classic home in Tamboerskloof with great potential for an upgrade.
This is the view of the auction group’s Deana Bomhof, who says the house on offer is situated on a 496m² erf at 7 Varsity Street, across the road from a large, enclosed park and green area.
It has three spacious bedrooms, an additional room which can be accessed from an external door, a family bathroom, and “half a bathroom” adjacent to a sun room, she says.
On the lower level are a small office and a bedroom with a second full bathroom.
The living areas include a large lounge and a separate dining room with a wood stove.
A spacious garden features a small swimming pool and offers magnificent mountain and city views.
Bomhof says a bonus, especially in the Tamboerskloof area, is the garage with additional off-street parking for a second vehicle.
The Tamboerskloof home, which Bomhof describes as “an under-developed property with lucrative investment value”, may be viewed on July 15 and July 22 between 2pm and 5pm on both days.
The property will be auctioned at the ClareMart multiple commercial property auction at 12.30pm on July 24 at The One & Only Hotel, V&A Waterfront.
For more details, call Deana Bomhof on 0844115347 or 0214258822, or email email@example.com.
See www.claremart.co.za for the terms of auction.