Prime Commercial Property Investment

OPENING BIDS TO BE ADJUSTED ONE DAY PRIOR TO AUCTION.

ONLINE AUCTION

Bidding Start Time: Tuesday 29 April 2025 @ 09:00

Bidding End Time: Wednesday 30 April 2025 @ 14:30

Registration is essential by Friday 25 April 2025.

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

For more information, please contact the listing agent.

DESCRIPTION:

The property is well located on the boarder of Wynberg and Plumstead. Positioned on an intersection and in a high traffic node this allows for maximum exposure and visibility.

• The property is occupied by 2 tenants, a well-established car dealership who has occupied the property for many years and a mechanical workshop.
• Current gross annual income (GAI) of: ±R830,400
• This commercial property provides steady income with existing long-term well-established tenants making this a wise investment.

Please reach out for additional information.

DETAILS:

• Erf No (Extent):  90491, Cape Town (591m²)
• Erf No (Extent):  90492, Cape Town (510m²)
• Rates:  TBC
• Zoning:  Transport 2

Web Ref:  732473

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.

Shameer Isaacs | 081 759 8302 | 021 425 8822 | shameer@claremart.com

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: info@claremart.co.za