Commercial Property auctioned in Jeppestown, Johannesburg

R1,900,000

5
Web Ref: 1238774

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ERF Size 347 m²

Rates R3,433

Building Size 500m²

5 Bathrooms

2 Lounges

Security

Entrance hall

1 Reception Room

1 Store Room

House Levels

Balcony

Fantastic Investment Opportunity with Huge ROI Potential

Going on Auction: Wednesday 28 February 2024
Reserve Price R1900 000.00 (All offers will be reviewed)
Must be Sold / Several Options to Purchase
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)

Double storey commercial space in ideal location in the heart of Jeppestown. Ideal for a restaurant, club or bar. Across the road from the popular backpackers accommodation which will insure a constant flow of international patrons. Potential rental income R35 000.00 per month. Vacant on transfer.

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.