Income Generating Commercial Property

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:

Fully Tenanted Apartment Block with Retail Component.

The property is located on the business corridor of Brooklyn, Koeberg Road. With high volume traffic, the site draws great exposure.

Property consists of: Commercial/Retail Component

• Sports bar
• Mobile repairs store
• Mini market/superrette
• Fast food/take away
• Appliance repair store
• Laundromat

Residential Component:

• 6 x 2 - Bedroom Apartments
• 1 x 1 - Bedroom Apartment
• Onsite parking available for residential tenants
• NETT Income of ±R78,800 per month or ±R945,600 per annum

DETAILS:

• Erf no:  20064, Cape Town
• Erf size:  830m²
• Rates:  TBC
• Zoning:  General Business 1

Web Ref:  752787

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.

Shameer Isaacs | 081 759 8302 | 021 425 8822 | [email protected]

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: [email protected]