Approved Commercial Shopping Complex Site

Bidding Opens At R5,400,000

Opening Bid For Site 1:  R3,200,000

Opening Bid For Site 2:  R2,200,000

ONLINE AUCTION

Bidding Start Time: Wednesday 27 November 2024 @ 09:00

Bidding End Time: Thursday 28 November 2024 @ 14:30

Registration is essential by Monday 25 November 2024.

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

For more information, please contact the listing agent.

DESCRIPTION:

Please note that the price indicated on this advert stipulates the opening bid not the price.

Turnkey development commercial site. Ideally located on one of the busiest roads in the Southern Suburbs, Strandfontein Road. The site has a high-volume passing traffic which lends itself well for branding and exposure.

The site plan consists of:

SITE 1:

• Shop 1- Retail anchor 1460m² + 101m² office 
• Shop 2- Retail 304m²
• Shop 3- Retail 127m²
• Shop 4 -Retail 30m²
• Shop 5- Retail 59m²
• Shop 6- ATM - 8m²
• Potential net income: ±R326,000 per month or ±R3,912,000 per annum
• Erf extent: 5046m²
• Gross lettable area: 2089m²

SITE 2:

• Retail anchor - 879m² + 69m² office 
• Shop 08 ATM - 7m²
• Shop 09 restaurant - 249m² | Shop 09 decking restaurant decking 143m² | Shop 9 restaurant office 89m².  (This unit has a drive thru component)
• Potential net income: ±R227,170 per month.
• Zoning: GB1
• Erf extent: 3872m²
• Gross lettable area: 1436m²

You can also incorporate a residential component above the commercial. Many options are available.

Neighborhood Shopping Centre’s are in demand and are like "hens teeth" at the moment. This is a turnkey site with a great return at the end.

Plans and further info available on request.

NOTE: SITES CAN BE SOLD SEPARATELY

DETAILS:

• Erf No (Extent):  2721, Pelikan Park (3 968m²)
• Erf No (Extent):  2709, Pelikan Park (5 036m²)
• Rates:  TBC

Web Ref:  730106

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]

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

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: [email protected]