Retail for auction in Steenberg, Cape Town

R1,630,000
  1. Web Ref: 1057012
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Property Features

ERF Size 332 m²
Rates R849
Building Size 332m²

Going on Auction: Wednesday 23 September 2020 at 12 Noon

Going on Auction: Wednesday 23 September 2020 at 12 Noon
Reserve Price: R1 630 000.00 (All offers will be reviewed)
Non-refundable 10% commission plus VAT over and above purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)

Commercial building in Steenberg offering excellent opportunity to get a good return on your investment! The building comprises of four shops with the opportunity to extend. Potential income between R30k and R35k per month approximately.

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.

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*based on purchase price at Prime over 20 years

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