Commercial Property for auction in Margate
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6
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Web Ref: 1245038
Property Features
Interior Features
Open office space previously used a Gold Rush Bingo and Casino
Going on Auction: Wednesday 22 May 2024
Reserve Price: R1 500 000.00 (All offers will be reviewed)
Expected opening bid: R900 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)
VACANT COMMERCIAL BUILDING.
This stunning building, located in the heart of town, was previously used as a Gold Rush Bingo and Casino. Currently vacant and ready. Waiting for its new owner to move in and take over. This building is a fantastic investment opportunity. Vacant on transfer. Special permission obtained for a commercial use from Municipality.
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.
Location
Contact the agent
Registered with the PPRA
Franchisee of Rawson Residential Franchises (Pty) Ltd | Registered with the PPRA
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*based on purchase price at Prime over 20 years
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