Unique Site For A Shopping Centre Development & Students Accommodation

BIDDING OPENS AT R32,000,000.

ONLINE AUCTION

Bidding Start Time: Wednesday 31 July 2024 @ 09:00

Bidding End Time: Thursday 1 August 2024 @ 14:30

Registration is essential by Monday 29 July 2024.

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

For more information, please contact the listing agent.

DESCRIPTION:

Calling all investors and developers – this is a unique chance to secure this prime property:

• Just under 7000m² of extent
• Located in the prime area of Bellville CBD
• Huge redevelopment potential for students accommodation (UWC), mixed used Commercial & Residential units, or a shopping centre

Current 3 buildings on site:

BUILDING 1:

• 4 Storey building ±2800m² in size with GLA of 2500m² @ R90p/m².
• This building is perfect for student accommodation / conversion / offices.

BUILDING 2:

• Warehouse / workshop / possible OK Superette or Spar outlet - with current GLA of  ±1300m² @ R60 p/m². Could generate ±R78,000 per month or R936,000 per annum.

BUILDING 3:

• Warehouse / workshop / retail units - with current GLA of ±1000m² @ R60 p/m². Could generate ±R60,000 per month or R 720,000 per annum.
• Perfect for a play park or transport industry.
• Possible mixed use shopping centre:  China Town, Access Park Offices, residential units & student accommodation (UWC) .

DETAILS:

• Erf no: 11141, Bellville
• Erf size: 6 939m²
• Rates:  TBC
• Zoning:  General Industrial 1

Web Ref: 548537

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.

Sanjeev Boyjoonauth | 066 054 2211 | 021 425 8822 | [email protected]

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: [email protected]