Commercial Property With National Tenant

OPENING BIDS TO BE ADJUSTED ONE DAY PRIOR TO AUCTION.

ONLINE AUCTION

Bidding Start Time: Wednesday 30 October 2024 @ 09:00

Bidding End Time: Thursday 31 October 2024 @ 14:30

Registration is essential by Monday 28 October 2024.

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

For more information, please contact the listing agent.

DESCRIPTION:

Situated on Victoria Road the business corridor of Woodstock. The property is surrounded by other commercial properties and situated in a high residential density area.

The property has an AAA-Grade Anchor Tenant Standard Bank who has occupied the building for many years. There is 3 other commercial tenants along Roberts Road. The residential component of the property consists of 6 large 2 and 3 bedroom apartments ranging from ±64m² - ±85m².

Added value is in the approved SDP, Including HWC Approvals for ground plus 8 additional levels.

Total number of units 80, Ranging from 27m²  to 64m².

48 x Studio, 19 x1 beds, 13 x 2 beds and 10 x Stores .

Further information will be supplied upon an NDA signed.

Reach out to secure this incredible investment!

DETAILS:

• Erf no:  13355, Cape Town
• Erf size:  825m²
• Rates:  TBC
• Zoning:  General Business 5

Web Ref:  729005

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.

Shameer Isaacs | 081 759 8302 | 021 425 8822 | [email protected]

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: [email protected]