Mixed Use for auction in Worcester Central

POA
  1. Web Ref: 1061380
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Property Features

ERF Size 10,137 m²
Building Size 7296m²

Three commercial buildings being sold on a Sale and Leaseback basis

Going on Auction: Wednesday 28 October 2020 at 12 Noon
Reserve Price: P.O.A. (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)

Rawson auctions has been mandated to auction on a sale and leaseback basis - 3 commercial properties with existing tenant & infrastructure. To be auctioned as a single lot with a gross rental income of approx. R230 000.00 per month. Existing tenant will enter into a 5-year lease, with an option to thereafter repurchase the properties. The tenant is a well-established shopfitting manufacturer.

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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