| PRIME COMMERCIAL PROPERTY CONSISTING OF 8 RETAIL SPACES |
Going on Auction: Wednesday 25 June 2025
Reserve Price: R5 200 000.00 (All offers will be reviewed)
Expected Opening Bid: R4 600 000.00
Non-refundable 7% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
This 972m2 commercial building has eight individual units ranging from 35m2 to 160m2 that is being rented out for retail purposes. The building has great kerb appeal and is located on the corner of a busy intersection. Fully tenanted on a month-to-month basis with a rental income of R41 120.00 per month. All units are equipped with prepaid electricity and ablution facilities. This building has no servitudes registered over the title deed, and with a annual rental income of R493 440.00 it presents a return on investment of 7.78%. 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.
ERF Size 972 m²
Building Size 643m²
Rates R2,971 per month
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Tanya Jovanovski
c. 0799803457
tanya.auctions@rawson.co.za
Ilda Santiago
c. 0847627195
ilda.santiago@rawson.co.za
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