Offices for auction in Paarl Central East

POA
  1. Web Ref: 1125368
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Property Features

ERF Size 2,747 m²
Rates R8,841
Building Size 1287m²
Home Owner Levies R35,679

Seller will guarantee a rental income of R175 000 per month.

Going on Auction: Wednesday 24 November 2021
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)

SELLER WILL GUARANTEE A RENTAL INCOME OF R175 000 PER MONTH
(BY SIGNING A ONE YEAR HEAD LEASE)
13 Offices and 2 basement storages. Possible rental income of R214 395.00 per month (see financials on page 3 and 4). Gross Yield at 14.2% and Nett Yield at 10.6%

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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