Huge Development Opportunity With Rental Income

Bidding opens at R10,500,000

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 income per annum: ±R1,177,795.00
• 3 x Long term tenants
• Perfect for student accommodation
• Available bulk: ±2700m² for future development
• Primely located
• Height restriction: 25 metres

Details:

• Erf no: 10870, Bellville
• Erf size: 1561m²
• Rates:  ±R6,987.00 per month
• Zoning:  General Business 4
• GLA:  ±1956m²

Web Ref:  700989

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

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