Huge Development Opportunity With Rental Income

OPENING BIDS TO BE ADJUSTED ONE DAY PRIOR TO AUCTION.

ONLINE AUCTION

Bidding Start Time: Wednesday 29 January 2025 @ 09:00

Bidding End Time: Thursday 30 January 2025 @ 14:30

Registration is essential by Monday 26 January 2025.

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

For more information, please contact the listing agent.

DESCRIPTION:

• Nett income p.a.:  ±R1,257,211.00
• 3 x Long term tenants
• Perfect for student accommodation
• Available bulk:  ±2700m² for future development
• Primely located
• Height restriction: 25 metres

DETAILS:

• Erf no:  10870, Bellville
• Erf size:  1561m²
• Rates:  ±R9,304.00 per month
• Zoning:  General Business 4

Web Ref:  700989

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.

Sachin Boyjoonauth | 068 259 2425 | 021 425 8822 | [email protected]

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: [email protected]