LOT NOT SOLD
CLOSING BID
Unique Site For A Shopping Centre Development & Students Accommodation
BIDDING OPENS AT R32,000,000.
ONLINE AUCTION
Bidding Start Time: Wednesday 31 July 2024 @ 09:00
Bidding End Time: Thursday 1 August 2024 @ 14:30
Registration is essential by Monday 29 July 2024.
Pre-Auction Offers may be considered. Auction Finance Available.
For more information, please contact the listing agent.
DESCRIPTION:
Calling all investors and developers – this is a unique chance to secure this prime property:
- Just under 7000m² of extent
- Located in the prime area of Bellville CBD
- Huge redevelopment potential for students accommodation (UWC), mixed used Commercial & Residential units, or a shopping centre
Current 3 buildings on site:
BUILDING 1:
- 4 Storey building ±2800m² in size with GLA of 2500m² @ R90p/m².
- This building is perfect for student accommodation / conversion / offices.
BUILDING 2:
- Warehouse / workshop / possible OK Superette or Spar outlet - with current GLA of ±1300m² @ R60 p/m². Could generate ±R78,000 per month or R936,000 per annum.
BUILDING 3:
- Warehouse / workshop / retail units - with current GLA of ±1000m² @ R60 p/m². Could generate ±R60,000 per month or R 720,000 per annum.
- Perfect for a play park or transport industry.
- Possible mixed use shopping centre: China Town, Access Park Offices, residential units & student accommodation (UWC) .
DETAILS:
- Erf no: 11141, Bellville
- Erf size: 6 939m²
- Rates: TBC
- Zoning: General Industrial 1
Web Ref: 548537
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
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