Two Prime Sections Totalling 329m² In Rosenpark Tygervalley

BIDDING OPENS AT R3,000,000.

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:

In secured Rosenpark Two:  Commercial properties consisting of two sections:

• Section 5, Door 14 with GLA 178m² -  Rental potential ±R120/m² - R21,360 ex VAT pm or R256,320 p/annum could be achieved and
• Section 6, Door 15 with GLA 151m² - Currently tenanted at R17,006 pm excl  VAT or R204,072 p/annum.
• Parking: 4 open parking bays per unit available.
• The units both have smooth finished floors  and have e great natural light .
• Each section has an office as  well as an open showroom space
• Each section has a kitchen and toilet facilities
• Perfect for Owner Occupier or  Investors .
• Together potential income is ±R460,392  giving you at least 11% Net ROI
• Pre-auction offer welcome!

DETAILS:

• Sectional Scheme Name:  SS Rosenpark Two
• Sectional Scheme No:  132/1996
• Unit No (Extent):  5 (178m²)
• Unit No (Extent):  6 (151m²)
• Rates:  Unit 5 = ±R2,187.13 per month
• Rates:  Unit 6 = ±R1,848.79 per month
• Levies:  Unit 5 = ±R2,574.53 per month
• Levies:  Unit 6 = ±R2,167.30 per month
• Zoning:  TBC

Web Ref:  715709

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]