Bidding opens at R4,500,000

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.

Description:

This opportunity consists of 2 mixed-use properties known as the Shalom & Siege buildings, in the heart of Kimberley’s CBD.

These properties offer the following:
• Shalom Court: 10 flats, of which 8 are leased out
• Shalom Shop: 9 shops, of which 8 are leased out
• Siege: 8 flats of which 7 are leased out
• These properties are currently generating a healthy rental income of R93,000 per month
• Opportunities like these are few in Kimberley, considering the increase in the demand of student accommodation within the city.

Details:
• Sectional scheme name: SS Beanstraat Trust
• Sectional scheme no: 1/2002
• Unit no (Extent): 1 (1405m²)
• Unit no (Extent): 2 (54m²)
• Unit no (Extent): 3 (54m²)
• Unit no (Extent): 4 (55m²)
• Unit no (Extent): 5 (41m²)
• Unit no (Extent): 6 (47m²)
• Unit no (Extent): 7 (54m²)
• Unit no (Extent): 8 (54m²)
• Unit no (Extent): 9 (55m²)
• Unit no (Extent): 10 (41m²)
• Unit no (Extent): 11 (47m²)
• Rates: ±R5,540.52 per month
• Zoning: TBC

Web Ref: 606327

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.

Lesego Nkosi | 081 514 0679 | lesegon@claremart.com
Katlego Lekhoathi | 072 181 7249 | katlego@claremart.com