Fully Tenanted, Huge Prime Property

Bidding opens at R2,500,000

ONLINE AUCTION

Bidding Start Time: Wednesday 28 June 2023 @ 09:00

Bidding End Time: Thursday 29 June 2023 @ 14:30

Registration is essential by Monday 26 June 2023.

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

For more information, please contact the listing agent.

Description:

Calling investors: FANTASTIC RETURN, FULLY TENANTED COMMERCIAL BUILDING - PREVIOUSLY LET TO SPAR!

There are 6 shops - 5 shops are tenanted for 5 years at R41,000 per month plus 1 vacant shop ±R5000 per month = total ±R47,000 per month or ±R564,000 per annum including VAT, or ±R490,000 excluding VAT. Yield around 18%.

NOTE: There are solar panels on roof generating 158 KVA. SALE CAN BE ZERO RATED FOR VAT!

Details:

• Erf no: 2250, Touws River
• Erf size: 1488m²
• Rates:  ±R2,976.60 per month
• Zoning:  Sake 1

Web Ref:  640186

VAT 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

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: info@claremart.co.za