8-Unit Gem On Corner Site – Fully Tenanted

Bidding opens at R20,500,000

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:

• Nett rental income per annum:  ±R2,331,932.00
• 8 Longstanding tenants - long leases
• Building in VERY popular location
• Fantastic rental income property
• Located in popular Bellville Hub
• Bulk available for future development:  ±2748m²
• Potential to add 40 plus flats of ±60m² each

Details:

• Erf no: 15746, Bellville
• Erf size: 2093m²
• Rates:  ±R11,471.00 per month
• Zoning:  General Business 3

Web Ref:  700999

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.

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

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