Development Opportunity With GB1 & GR4 Zoning

Deceased Estate Halima Arrief (Master Ref No. 019088/2022)

SOLD TOGETHER AND SEPARATELY

3 Gosport Road, Wynberg: Bidding opens at R700,000

5 Gosport Road, Wynberg: Bidding opens at R700,000

60 Gosport Road, Wynberg: Bidding opens at R1,400,000

6 York Road, Wynberg: Bidding opens at R1,300,000

ONLINE AUCTION

Bidding Start Time: Wednesday 28 February 2024 @ 09:00

Bidding End Time: Thursday 29 February 2024 @ 14:30

Registration is essential by Monday 26 February 2024.

Pre-Auction Offers may be considered. Auction Finance Available.

For more information, please contact the listing agent.

Description:

This is the goldmine you've been searching for! Situated in the most convenient and central pocket of Wynberg, this high exposure site can be found with the perfect zoning for you to redevelop or invest in. Currently consisting of 4 properties, a combined size of 1207m², the opportunities are endless.

Located on the corners of Sussex Road, York Road and Gosport Road, within walking distance of primary & secondary schools as well as major transport routes and hubs with high exposure and footfall. This site is catered for investment or redevelopment focusing on retail, residential, office or mixed-use.

As a portfolio disposal from a deceased estate, the 4 adjacent properties hold GB1 & GR4 zonings. The properties can be bought separately or together as one package deal. Please note that no vacant occupation is guaranteed.

In-house development services are available.

Details:

• Erf no (Extent): 68667, Cape Town (173m²) (5 Gosport Road, Wynberg)
• Erf no (Extent): 68668, Cape Town (176m²) (3 Gosport Road, Wynberg)
• Erf no (Extent): 68669, Cape Town (463m²) (60 Gosport Road, Wynberg)
• Erf no (Extent): 68670, Cape Town (391m²) (6 York Road, Wynberg)
• Rates:  TBC

Web Ref:  707200

Transfer Duty Applicable

Payment Terms:

2.5% Deposit & 10% Auctioneers Fee (excl. VAT on fee), payable on the fall of the hammer by means of EFT only.  Balance payable on Transfer.

Sanjeev Boyjoonauth  |  066 054 2211  |  021 425 8822  |  sanjeev@claremart.com

Sachin Boyjoonauth  |  068 259 2425  |  021 425 8822  |  sachin@claremart.com

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: info@claremart.co.za