Mixed Use for auction in Observatory, Cape Town
Web Ref: 1132593
Commercial mixed-use property.
Going on Auction: Wednesday 05 January 2022
Reserve Price: P.O.A. (All offers will be reviewed)
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
This iconic building is situated in the heart of Observatory. The building boast with three potential rental incomes including a one-bedroom apartment & coffee shop. Both the apartment & coffee shop currently generate an income of R23750.00 per month. The office space is currently vacant that could bring in additional income.
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.