Bidding opens at R6,500,000

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:

Secure and well-positioned, this 4-storey building carrying a 14% yield is on the market, perfect for investors or redevelopers.

The building has a solid foundation consisting of 4 floors each with dedicated 3-phase power and 4m to the eaves.

There is a goods lift landing on each floor leading directly into the units with a large basement and a decent amount of tenant parking.

The building is fully let with leases in place carrying a current yield of 14%.

• Mixed use
• Three phase power
• Secure
• Well-positioned
• Potential to redevelop
• Can Zero Rate VAT (T&C apply)

Details:
• Erf no: 381, Bertrams
• Erf size: 1218m²
• Rates: TBC
• Zoning: Commercial / Industrial

Web Ref: 605952

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.

Michael De Oliveira | 064 530 6848 | michael@claremart.com