Micro Apartments Or Student Accommodation Opportunity
Auction starts: September 28, 2022 09:00
Auction ends: September 29, 2022 14:30
Lot sold subject to auctioneer confirmation.
Current bid: R10,500,000
Bidding opens at R10,500,000 for all 3 units. Bidding opens at R3,500,000 for each unit.
ONLINE AUCTION Bidding Start Time: Wednesday 28 September 2022 @ 09:00 Bidding End Time: Thursday 29 September 2022 @ 14:30 Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent.
Montana Building Parow - First, Second and Fourth Floor available to purchase. Take over this project and reap the reward. Plans in place for sub-division into 36 upmarket micro apartments. Show unit completed and ready to view.
• Purchase 1 floor or all 3 floors. • Each floor will consist of 12 apartments. • All 3 floors will consist of 36 apartments. • Cost to complete each unit ±R50,000.00. • Potential income of ±R180,000.00 per month or ±R2,160,000 per year. • Conveniently located and within walking distance of China Town, Shoprite, eateries and on public transport route. Also close to universities and colleges.
The building consists of commercial and residential apartments. The entrance on Voortrekker Road is controlled by 24-hour surveillance cameras and manned security. Pre-auction offers welcome.
Details: • Sectional scheme name: SS Montana • Sectional scheme no: 473 / 1994 • Unit no (Extent): 6 (383m²) • Unit no (Extent): 7 (383m²) • Unit no (Extent): 9 (383m²) • Rates: TBC • Levies: TBC • Zoning: General Business 4
Web Ref: 574294
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.