Retail for auction in Queenstown Central
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Web Ref: 1293645
Property Features
COMMERCIAL RETAIL PROPERTY CONSISTING OF A HARDWARE STORE AND BRICKYARD
Going on Auction: Wednesday 26 March 2025
Reserve Price: R3 200 000.00 (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)
Located in the heart of Queenstown CBD, this 2141m2 commercial retail property offers a prime opportunity to the discerning investor. The property currently consists of a hardware store and a large open brickyard. An adjoining 30m2 space was previously used as a fast-food outlet but is currently vacant. The hardware shop is currently being leased with a rental income of R20 000.00p/m on a long-term rental agreement. The vacant 30m2 shop can be rented out for a further R3 500.00 per month. Pre-paid electricity installed. With high foot traffic, excellent amenities nearby and substantial development potential, this property is the perfect investment for long-term success. Only the property is for sale, (no equipment included) and is not offered as a running concern. The seller is not registered for VAT.
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.
Location
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Registered with the PPRA
Registered with the PPRA
Franchisee of Rawson Residential Franchises (Pty) Ltd | Registered with the PPRA
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