Three Units In This Tenanted Investment

Bidding opens at R3,200,000

ONLINE AUCTION

Bidding Start Time: Wednesday 28 February 2024 @ 09:00

Bidding End Time: Thursday 29 February 2024 @ 14:30

Registration is essential by Monday 26 February 2024.

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

For more information, please contact the listing agent.

Description:

This prime tenanted property in situated on the outskirts of Parow and close to the Plattekloof off ramp off the N1. There are three sections, two tenanted and one unit is owner occupied. There are 8 open parking bays, 6 secure bays and a secure double garage that comes with the section.

Total income: R27,750.77 per month OR R333,009.24 per annum.

Potential income: ±R396,093.24 per annum.

VAT Entity - could be zero rated!

Tenant 1:

• 3 Years from 1 April 2021 to 31 March 2024
• Current rental:  R12,999.47 excl. VAT per month + Municipal Charges
• Lettable Area: 178m²

Tenant 2:

• 3 Years from 1 July 2021 to 30 June 2024
• Current rental: R14,751.30 excl. VAT per month + Municipal Charges
• Lettable Area: 202m²

Owner occupied:

• Owner to vacate
• Market-related potential rental - ±R5,257.00 excl. VAT per month + Municipal Charges
• Lettable Area: 72m²

Details:

• Erf no: 23460, Parow
• Erf size: 538m²
• Rates:  ±R5,528.25 per month
• Zoning:  General Business 4

Web Ref:  706391

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.

Josh Raisun  |  078 888 9534  |  021 425 8822  |  josh@claremart.com

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: info@claremart.co.za