Commercial Property for auction in Paarl Central East
Web Ref: 1125370
Large first-floor office in Paarl centre for sale: 15,48% gross yield.
Going on Auction: Wednesday 27 October 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 is prepared to sign a head lease for 12 months at R20 000 per month: 15,48% gross, 12,13% nett yield.
The Office Space with separate access and is currently vacant (projected rental of R18 600.00 per month plus V.A.T.)
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
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.