Industrial for auction in Zilweleni, Pinetown

Two industrial properties sold as one lot.

Going on Auction: Wednesday 27 November 2024
Reserve Price: R9 000 000.00 (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)

Two properties 8049 m/2 zoned industrial and 3562 m/2 zoned business and commercial sold as one lot. Industrial building 1909m/2 consists of four factories, two workshops, offices and toilets. Customer parking areas. Potential rental income R104 995.00 per month. Vacant on transfer. Properties have potential for residential and retail development.

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.