|Going on Auction: Wednesday 11 December 2019 at 12 Noon
Going on Auction: Wednesday 11 December 2019 at 12 Noon
Reserve Price: R5 200 000.00 (All offers will be reviewed)
Expected opening bid: R4.9 million
(10% Commission plus VAT over and above bid amount)
Secure industrial park at a very reduced price!!!
Fantastic opportunity for an investor or owner/ occupier. Four warehouses in a secure location inside the Racing Park Precinct of Kilarney Gardens. Two of the four warehouses are tenanted on a short-term basis. Each warehouse has ablution and office facilities. This property offers potential investors an extremely attractive double-digit return on their investment. Not to be missed!
GLA = 2006m2 x R35.00 sqm is R70 210 when fully let
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
ERF Size 2,914 m²
Building Size 2006m²
Rates R5,200 per month
Home Owner Levies R1,780