Mixed Use for auction in Vanderbijlpark CW 1

R6,500,000

Web Ref: 1220116

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ERF Size 1,713 m²

Rates R3,303 per month

Building Size 2005m²

Fully tenanted mixed-used property with current income R128 500.00 pm

Going on Auction: Wednesday 29 November 2023
Reserve Price: R6 500 000.00. (All offers will be reviewed)
Expected opening bid: R6 000 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)

FULLY TENANTED MIXED USED PROPERTY- IDEAL INVESTMENT.
This double storey building is built over two erfs and consists of two commercial shops and twenty-four residential flatlets. The building is fully occupied with a total income of R128 500.00 per month, making this property the ideal investment.

Rawson Auctions (Southern Region) are obligated by law to market the property at the Reserve Price as listed herein. A “Reserve Price” is a minimum Rand amount the Seller will accept as the winning bid, and is not necessarily the property’s market value, nor the amount the property is likely to be sold for on the day of the auction. The Seller reserves the right to consider all offers.