Very Sought After But Seldom Found Mixed Used 2 Building In Woodstock On Erf Of 995m² With Income

OPENING BIDS TO BE ADJUSTED ONE DAY PRIOR TO AUCTION.

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:

This property is situated in sought after Woodstock and has everything to offer. Close to public transport, easy access to motorways and close to shopping centres and trendy restaurants/coffee shops. Highly sought after in the area and extremely desirable to add apartments, offices, warehousing or retail. Ideal location. Immensely Popular and with great potential to add more.

Make this a very impressive buy for any investor and savvy business owner/developer.

PROPERTY

• Currently fully let achieving ±R60,000 per month income.
• Rent roll available to serious buyers
• Loads of potential to add more income.

POSSIBLE RE-DEVELOPMENT OPPORTUNITY:

• Three bedroom Victorian home plus a stand-alone double storey commercial and residential building.
• Large parking area.
• Shortage of development land in the area.
• Bulk ±4000m²

DETAILS:

• Erf no:  114306, Cape Town
• Erf size:  995m²
• Rates:  ±R3,769.79 per month
• Zoning:  Mixed Use 2

Web Ref:  712234

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.

Ryan Hamburger |082 691 4915 | 021 425 8822 | [email protected]

Josh Raisun | 078 888 9534 | 021 425 8822 | [email protected]

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: [email protected]