Retail for auction in Willowmore

Multipurpose commercial property with R50 400.00 rental income per month.

Going on Auction: Wednesday 27 November 2024
Reserve Price: R680 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)

This multi-purpose 1127 sqm commercial property is located in a high-traffic area of Willowmore and is currently home to three businesses - a popular clothing store, a family-owned funeral home, and a well-established auto parts store. Each business has its own dedicated storeroom, bathroom, and small kitchen, offering convenience and privacy for customers and employees alike. With prime location and high visibility, this multi-purpose building presents a lucrative investment opportunity for entrepreneurs looking to expand their businesses or start something new. Don't miss out on this versatile property that caters to a variety of industries and services. Each business has its own dedicated entrance, storage space, and customer parking. The property also features ample off-street parking for all tenants and their clients. This is an excellent investment opportunity for a buyer looking to acquire a versatile commercial property with stable, long-term tenants already in place. The current lease agreements provide a reliable income stream, and there is potential to increase rents or diversify the tenant mix in the future.

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.