Mixed Use for auction in Witsand

SEVEN SECTIONAL TITLES + 11 FULL TITLES + LAND FOR DEVELOPMENT.

Going on Auction: Wednesday 27 November 2024
Reserve Price: R13 000 000.00. (All offers will be reviewed)
Expected Opening Bid: R11 000 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)  

Exclusive to Rawson Auctions National! THE SANDS shopping complex in Witsand is known as the Commercial Hub of the village. With seven Sectional Title Units and eleven Full Title sections, this property could be a hive of various business activities essentially with its great location on the R322. An added bonus is the back portion 85 with 6137sqm of land which is so versatile for storage or new amenities. The residential unit is also great for an onsite manager or the new owner. WITSAND, THE GATEWAY TO THE GARDEN ROUTE is the finest sea-side village at the mouth of the mighty Breede River. With its majestic coastline and blue flag beaches this charming village is a bustle with visitors and holiday makers during peak season. WELCOME TO WITSAND!
NB. The transaction will be zero rated. Selling the CC as a going concern. 2023-2024 Financials at hand.

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.