Commercial investment with a potential rental in of R25 000.00 per month. |
Going on Auction: Wednesday 26 February 2025
Reserve Price: R1 500 000.00 (All offers will be reviewed)
Expected Opening Bid: R1 450 000.00
Non-refundable 10% commission plus VAT over and above purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
This large 2047 sqm commercial property boasts beautiful sea views from the front and ample parking for over 15 vehicles at the back, with wheelchair access for convenience. It includes two walk-in safes, independent men's and ladies' bathrooms (each with two toilets and basins), and extensive security features such as 16 CCTV cameras, a security door, and burglar bars on most windows. The property is equipped with 3-phase Eskom power, gas outlets, ceiling fans in all areas, and two air conditioners (uninstalled), along with a working inverter for backup power. Additional features include a walk-in cold room (in need of repair), a front verandah with built-in braais, a built-in bar area, a dance floor with a DJ box, a 5000L Jojo tank, and non-active post boxes from its previous life as a post office.
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
ERF Size 2,489 m² Building Size 1100m² Rates R4,616 per month
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Tanya Jovanovski
c. 0799803457
tanya.auctions@rawson.co.za
Danielle Oosthuizen
c. 0829605357
danielle.oosthuizen@rawson.co.za
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