Commercial Property for auction in Worcester Central

Fully tenanted, prime heritage mixed - use commercial property.

Going on Auction: Wednesday 26 February 2025
Reserve Price: R3 400 000.00 (All offers will be reviewed)
Expected Opening Bid: R3 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)

Proudly listed by Rawson Auctions National. FULLY TENANTED Exclusive Investment Opportunity.
Prime Heritage Commercial Property on the market in Worcester CBD. Seize the chance to own a heritage-rich commercial property with a legacy dating back to 1826. This property offers a rare opportunity for investors, boasting full tenancy and exceptional versatility. With its prime location in the heart of Worcester’s Central Business District, this property ensures unparalleled visibility, accessibility, and exposure to high foot traffic. Positioned opposite McDonald’s and adjacent to a prominent car dealership, the address guarantees a steady flow of potential clientele. Versatile for Commercial, office and residential use with great conversion potential. An added bonus is the fully floored 230sqm space suited for extra office space or residential units which could increase income by R20 000.00 - R30 000.00pm.

Current rental income R393 600.00 per annum.

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.