Prime Site With 2 Income Generating Buildings

Bidding opens at R5,250,000

ONLINE AUCTION

Bidding Start Time: Tuesday 25 April 2023 @ 09:00

Bidding End Time: Wednesday 26 April 2023 @ 14:30

Registration is essential by Monday 24 April 2023.

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

For more information, please contact the listing agent.

Description:

Located in a high exposure area, this prime property offers investors a first-time opportunity for a sought-after site. There are two income generating buildings on-site with a total erf size of 1366m² and GB1 zoning in place.  Definitely put in your best offers, as sellers are serious and will consider!

Block of flats:

• There are 4 residential apartments, each are 2-bedroom, 1-bathroom units that are self-containing.
• Built-in cupboards fitted, aluminium windows and mixed vinyl flooring and laminated floors with tiles as well.
• Each unit is pre-paid electricity and has security gates for lock up and go entry.
• The lounges are open-plan to the kitchen which consists of built-in oven, plenty of storage and sink. 
• The bathroom has shower, toilet, basin and additional plumbing provision for washing machine.
• The tenancy mix are an estate agency and private residential tenants.
• Each unit is estimated at 68m² under roof.
• DSTV and Wi-Fi capability.

Conference hall:

• This free-standing building is currently tenanted and operated as an established wedding venue by a long-standing tenant (5 years).
• This building accommodates a coffee bar, back kitchen and office, in addition to the bathrooms (male, female, and disabled).
• The building has convertible potential into apartments, retail, restaurant, community hall, offices or storage to name a few. 
• There are plans available for possible extension for a 2nd floor level as there are high ceilings with lots of natural light present. 
• Audio and lighting rigs set up, CCTV set up, Wi-Fi ready.

Additional information:

• Secured parking space available for up to 30 vehicles with additional off-street parking
• Additional bulk factors available
• Opportunity to sectionalise apartment block OR subdivision potential for at least 2 erven
• 2 Access roads from front and back of property
• Storeroom available with capacity for more storage
• Onsite security booth

Within close distance of recreational parks, primary schools, religious places of worship, clinics, shopping centres and retail stores, and all main transport routes.

Contact Zaneeq and Sachin!

View by appointment.

Details:

• Erf no: 6579, Grassy Park
• Erf size: 1366m²
• Rates:  ±R3,066.21 per month
• Zoning:  General Business 1

Web Ref:  531005

Transfer Duty 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.

Zaneeq Osman  |  064 507 4900  |  021 425 8822  | zaneeq@claremart.com

Sachin Boyjoonauth  |  068 259 2425  |  021 425 8822  |  sachin@claremart.com

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: info@claremart.co.za