Mixed Use auctioned in Westenburg, Polokwane

Commercial Property

Going on Auction: Wednesday 18 November 2020
Reserve Price: R2 200 000 (All offers will be reviewed)
Expected opening bid: R2 100 000
Non-refundable 10% commission plus VAT over and above purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)

Commercial opportunity in Westburg, Polokwane. The property consist of: Licensed liquor store. Bar & lounge. Post office. Two ATM’s. Three separate units with one bedroom & en-suite. Two apartments with two bedrooms each. Proposed development for four – one bedroom units & twelve – two bedroom units. Current rental income R37 500.00 per month.

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