8-Unit Gem On Corner Site - Fully Tenanted

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 27 January 2025.

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

For more information, please contact the listing agent.

DESCRIPTION:

• Nett rental income p.a.: ± R2,564,726.00
• 8 Longstanding tenants - long leases
• Building in very popular location
• Fantastic rental income property
• Located in popular Bellville Hub
• Bulk available for future development: ± 2748m²
• Potential to add 40 plus flats of ±60m² each

DETAILS:

• Erf no: 15746, Bellville
• Erf size: 2093m²
• Rates:  ±R13,050.00 per month
• Zoning:  General Business 3

Web Ref:  700999

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.

Farrell Perling | 072 040 7274 | 021 425 8822 | [email protected]

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: [email protected]