Huge Building With Commercial, Residential & Office Units

Bidding opens at R8,250,000

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 ALL INVESTORS & DEVELOPERS - PRIME FULLY TENANTED COMMERCIAL BUILDING PERFECT FOR REDEVELOPMENT, COMPRISING:

• 6 x Commercial units
• 3 x Offices (2 occupied and 3rd office possible ±R5,000 per month)
• Large 3 bedroom apartment, plus 2 baths, 3 living areas, and a fully fitted kitchen (owner occupied – rental income potential ±R15,000 per month)
• 2 Bedroom apartment

The total income would be ±R70,451 per month or ±R845,412 per annum.

• There are proposed plans for extra units.
• Possible to have an anchor tenant.

MAKE AN OFFER TODAY! CALL ME.

Details:

• Erf no: 106970, Cape Town
• Erf size: 1186m²
• Rates:  TBC
• Zoning:  Local Business 2

Web Ref:  700396

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