| MIX USE COMMERCIAL BUILDING WITH EXCEPTIONAL RETURN ON INVESTMENT |
Going on Auction: Wednesday 23 April 2025
Reserve Price: R5 600 000 (All offers to be reviewed)
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
This prime commercial mix-use property in a high demand area presents an exceptional return on investment. It features two established retail businesses on the ground floor, a supermarket and a bottle store, as well as seven residential flats above. The property comes with sectional tittles for all units, offering flexibility in ownership and potential for future growth. Its strategic location in a thriving neighbourhood makes this an attractive option for investors looking to capitalize on both commercial and residential returns. Potential rental income when fully tenanted is R94 000.00 p/m. The seller is registered for VAT.
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.
ERF Size 3,332 m²
Building Size 1646m²
Rates R14,200 per month
Sectional Title Levies R11,500
|
|
Tanya Jovanovski
c. 0799803457
tanya.auctions@rawson.co.za
Jayson Fenske
c. 0608275286
jayson.fenske@rawson.co.za
|
