A landmark and visionary architectural masterpiece which is affectionately known as the ‘Beezy Bailey Building’ will fall under the hammer of the ClareMart Auction Group during their Multiple Commercial and Investment Property Auction at the Radisson Hotel, Granger Bay on Tuesday, February 25 at 12:30.
“This well-known property accommodates retail and entertainment tenants and offers the CBD investor an opportunity to acquire not only a piece of inner Cape Town real estate but also a functional monument to architectural art” says General Executive Director, Andrew Koch.
“The property described as a three storey sand castle, was a collaboration between Beezy Bailey and Koos Malagas who is known for the Owl House, Nieu-Bethesda. Situated just off ever popular Long Street and its many eateries, businesses and backpackers, the property’s façade and gables are adorned with many fantastical sculptures and the overall feel emulates the Spanish Artist, Antoni Gaudi as well as the mosques of Chad, Niger and the Sudan” says Koch.
4 Buiten Street boasts four tenants with dedicated followings in the heart of the Cape Town bohemian district. “There is a popular nightclub in the mix of tenants as well a sushi restaurant and a speciality tobacconist and body art studio” says Koch. Long Street and surrounds bustle with tourist and youth activity and there is ever present demand for property which can accommodate businesses which cater to those constant markets.
“We are certain that this well positioned and well known opportunity will attract the attentions of not only the CBD investor who wishes to acquire a tenanted property in the heart of Cape Town but will also undoubtedly capture the interest of the media and local art world” adds Koch.
4 Buiten Street may be viewed on Thursday, Feb 13 from 12 noon to 3pm and Wednesday, February 19 from 12 noon to 3pm. The auction will take place at the Radisson Hotel, Granger Bay on Tuesday, February 25 at 12:30 and for information contact Andrew Koch on 021 425 8822 or visit www.claremart.co.za
CAPTION: 4 Buiten Street, affectionately known as the ‘Beezy Bailey Building’, will fall under the hammer of the ClareMart Auction Group on February 25.