New Listing

Vacant Erf for auction in Simons Town Central

R5,000,000
  1. Web Ref: 1058969
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Property Features

ERF Size 1,958 m²
Rates R5,010 per month

Going on Auction: Wednesday 26 August 2020 at 12 Noon

Going on Auction: Wednesday 26 August 2020 at 12 Noon
Reserve Price: R5 000 000.00 (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)

1,958sqm vacant corner plot perfectly situated in Simons Town Central. Included in price are fully approved building plans for a development of 25 apartments, 37 parking bays (16 are in a semi-basement) and 25 storerooms. Upper levels have beautiful views of the bay, mountainside, and waterfall. Property owner is vat registered SPV, untraded – the shareholders are willing to dispose of the SPV rather than transferring the company if this is of interest to the potential buyer. The property is close to all amenities, such as The Simonstown Waterfront, restaurant, new schools, medi clinic, beaches etc.

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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