Commercial Property With National Tenant

Bidding Opens At R14,850,000

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.

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 x 1 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]