Industrial for auction in Philippi, Cape Town
Web Ref: 1110971
Industrial property with loads of potential on erf of 1977sqm
Going on Auction: Wednesday 14 July 2021
Reserve Price: R2 979 000.00 (All offers will be reviewed)
Expected Opening Bid: R2 900 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
INDUSTRIAL PROPERTY WITH LOADS OF POTENTIAL.
Industrial property used for parking busses by the current owner. The property consists of yard with ample parking space, two work quarters, workshop, and carports. Cell phone tower generates additional income of R10 000.00 per month. The property will be vacant on transfer, but the cellphone tower will remain which will be a generating income for the new owner. These premises are operated with remote access control.
LATE ESTATE subject to approval of the master.
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. The Seller reserves the right to consider all offers.
Monthly repayments will be calculating…
*based on purchase price at Prime over 20 years
Our goal is to sell your property at the right price and in the shortest possible time.