| PRIME 8565M2 PROPERTY WITH APPLICATION PENDING FOR PETROLEUM DEPOT REZONING |
Going on Auction: Wednesday 25 June 2025
Reserve Price: R9 900 000.00 (All offers will be reviewed)
Expected Opening Bid: R9 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)
This expansive 8565m2 property presents a unique investment opportunity with both residential and commercial potential. It features a spacious one-bedroom main house along with a self-contained one-bedroom flatlet and an office building with a full bathroom and kitchenette that can easily be converted into a 2nd flatlet, ideal for extended family use or generating rental income. The property is fitted with a Victron Solar system with a backup generator in use. The property is in the process of being rezoned since 2018, with plans approved in principle for conversion into a petroleum depot with a proposed fuel storage capacity of 80 000 Liters, just awaiting the final approval of the depot license. This makes it a highly attractive option for investors or developers looking to capitalize on the growing demand in the fuel and logistics sector. With ample space, income generating possibilities and significant commercial potential, this property is a rare find. 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.
ERF Size 8,565 m²
Rates R1,500 per month
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Tanya Jovanovski
c. 0799803457
tanya.auctions@rawson.co.za
Dewald Wahlstrand
c. 0820968250
dewald.wahlstrand@rawson.co.za
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