Mixed Use for auction in Fisherhaven, Hermanus

MIXED USE COMMERCIAL BUILDING SUITABLE FOR RETAIL AND ACCOMMODATION

Going on Auction: Wednesday 26 February 2025
Reserve Price: R7 500 000.00 (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)

Calling all investors to expand this double story mixed-use commercial building. Situated on a large erf of 1907m2 that is zoned Business 3. On the ground floor are two separate units currently being used as a supermarket and offices. There are two cold storage rooms, but the compressors still need to be installed. On the upper level are two apartments. Each apartment has two bedrooms (main en-suite), open plan lounge and dining room and a fully fitted kitchen. Situated 12km outside Hermanus next to the Bot River, this property offers lots of expansion opportunities to the discerning investor or buyer. Ample parking space available. Currently tenanted with long term lease agreements in place with a rental income of R59 000.00 per month with an annual escalation of 7%. Current leases expire 31 January 2025.

PRIMARY USE:
• Shops.
• Dwelling units.
• Offices.
• Restaurant.

CONSENT USE:
• Bottle store.
• Clinic.
• Conference facility.
• Tourist accommodation / hotel.

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.