High Visibility Mixed Use Building

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.: R2,066,296.00
• 4 x Longstanding tenants
• Perfect for student accommodation
• Mixed use building in popular location
• Fantastic rental income property
• Located in popular hub
• Bulk: ± 2142m²
• Bulk available: ±745m² (For future development)
• Zoning: GB4
• GLA: ± 1397m²

DETAILS:

• Erf no: 10979, Bellville
• Erf size: 714m²
• Rates:  ±R12,446.00 per month
• Zoning:  General Business 4

Web Ref:  700992

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.

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

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: [email protected]