Prime GI1 Vacant Land Sold Below Market Value

OPENING BIDS TO BE ADJUSTED ONE DAY PRIOR TO AUCTION.

ONLINE AUCTION

Bidding Start Time: Wednesday 28 May 2025 @ 09:00

Bidding End Time: Thursday 29 May 2025 @ 14:30

Registration is essential by Monday 26 May 2025.

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

For more information, please contact the listing agent.

DESCRIPTION:

This prime 1568m² GI1 plot is situated in sought after Racing Park and sold below market value. Don’t miss out on this rare opportunity to secure your industrial space. Contact us for more details and to schedule a viewing. Investment Opportunity: Perfect for entrepreneurs and businesses looking to establish a presence in a thriving industrial area.

• Prime location: Vacant plot 1568m².
• Zoning: General Industrial 1 (GI1), allowing for a variety of industrial uses.
• Accessibility: Convenient access to major transportation routes.
• Development potential: Ideal for industrial facilities, warehouses, or manufacturing plants.
• Space: Plenty of room for expansion and customization.
• GPS location: 18.533804°E 33.811361°S

DETAILS:

• Erf No:  35160, Milnerton
• Erf Size:  1,568m²
• Rates:  ±R1,500.00 per month
• Zoning:  General Industrial 1

Web Ref:  740573

Transfer Duty 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.

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

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: [email protected]