Mixed Use Tenanted Complex

Bidding opens at R1,500,000

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:

• Tenanted investment property in popular Maitland location with retail and apartments
• High foot traffic trading location
• Large yard area at rear for development
• There is development opportunity for a further income of ±R40,000 a month due to R4 zoning

Rental Income:

• Retail: ±R110,000 per annum
• Flat 1: ±R45,000 per annum
• Flat 2: ±R50,000 per annum
• Total: ±R205,000 per annum

Details:

• Erf no: 146647, Cape Town
• Erf size: 263m²
• Rates:  TBC
• Zoning:  General Residential 4

Web Ref:  609265

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.

Farrell Perling  |  072 040 7274  |  021 425 8822  |  farrell@claremart.com

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: info@claremart.co.za