Other for auction in Highlands North, Johannesburg

Mixed Use Commercial

Going on Auction: Wednesday 26 March 2025
Reserve Price: R2 850 000.00. (All offers will be reviewed)
Expected open bid: R2 800 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)  

PRIME PROPERTY WITH MULTIPLE INCOME STREAMS!!! RENTAL INCOME R40 000 PER MONTH.
Zoned as Business 4, this property presents a fantastic investment opportunity with a potential rental income of R40,000 per month. The property includes a mix of income-generating units, such as a two-bedroom house and a two-bedroom cottage, as well as a one-bedroom and a two-bedroom house. In addition, it boasts a variety of
commercial spaces, including a restaurant, beauty shop, grocery store, clothing store, tailor shop, and sewing workshop. With diverse income streams and high potential for growth, the property is a perfect choice for investors seeking a stable, profitable asset. Shops are tenanted. House is 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.