Inverleigh Terrace 2, Quigney Beach, East London
Prime Retail Space Or Development Opportunity
Auction starts: January 25, 2023 09:00
Auction ends: January 26, 2023 14:30
Lot sold subject to auctioneer confirmation.
Current bid: R10,000,000
Bidding opens at R10,000,000
ONLINE AUCTION Bidding Start Time: Wednesday 25 January 2023 @ 09:00. Bidding End Time: Thursday 26 January 2023 @ 14:30. Registration is essential by Monday 23 January 2023. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent.
This prime 2731m² property was once a Spar, which makes it a prime retail property and the area is built up with blocks of apartments, student blocks, businesses and houses. The usage is retail so it could be rezoned for development.
• Ample parking • Big open floor for retail • Offices • Toilet • Store room • Staff room • Cold room • Dispatch area • The shop is still fitted out as a retail Spar without stock • All contents to be sold separately
Details: • Erf no: 44709, East London • Erf size: 2731m² • Rates: ±R8,573.00 per month • Zoning: Usage - Retail
Web Ref: 605635
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.