80 Apartments & Commercial Units Approved Development Opportunity

OPENING BIDS TO BE ADJUSTED ONE DAY PRIOR TO AUCTION.

ONLINE AUCTION

Bidding Start Time: Wednesday 30 July 2025 @ 09:00

Bidding End Time: Thursday 31 July 2025 @ 14:30

Registration is essential by Monday 28 July 2025.

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

For more information, please contact the listing agent.

DESCRIPTION:

Calling Developers/Investors to Not Miss This Approved Development With Approvals and All Departures in Place Of 80 Apartments and Commercial Units.

Rezoning in place and approved SDP- site development plans are available.

Current tenants in place generating in ±R52,000 per month or ±R624,000 per annum excl. VAT

Pre-auction offer highly recommended.

DETAILS:

• Erf no:  22351, Goodwood
• Erf size:  1,877m²
• Rates:  ±R6,284.00 per month
• Zoning:  General Business 4

Web Ref:  752778

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]