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SAIA - South African Institute of Auctioneers

COMMERCIAL BUILDING AND HOME WITH REDEVELOPMENT POTENTIAL - WYNBERG COMMERCIAL PROPERTY AUCTION IN CAPE TOWN, WESTERN CAPE AUCTIONED BY CLAREMART AUCTIONEERS

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CAPE TOWN - COMMERCIAL PROPERTY, DEVELOPMENT PROPERTY, INVESTMENT PROPERTY

COMMERCIAL BUILDING AND HOME WITH REDEVELOPMENT POTENTIAL - WYNBERG

DESCRIPTION:

91 Park Road Wynberg Cape Town


 

FEATURES:

BIDDING OPENS AT R2,600,000

ONLINE AUCTION

Bidding Start Time: Wednesday 28 July 2021 @ 9:00AM

Bidding End Time: Thursday 29 July 2021 @ 2:30PM

Registration is essential before Tuesday 27 July @ 2:00PM

For more information, please contact the listing agent.

Description:

Corner site offering:

HOUSE:

• 2 bedrooms

• 2 bathrooms

• Flatlet (2 beds)

• Rental potential R12,000

COMMERCIAL :

• SHOP 1: Rental potential R11,500

• SHOP 2: Rental potential R6,400

• SHOP 3: Rental potential R2,500

• Total possible rental : R32,400 pm or R388,400 pa

• ZONING GB1 - BULK OF 1030sqm available for redevelopment

Details:

• Erf no: 69190

• Erf size: 688m2

Payment Terms:

2.5% Deposit & 10% Auctioneers fee (excl. VAT on fee); Payable on the fall of the hammer by means of EFT only. Balance payable on transfer.

Registration Requirements:

To bid at the auction you need to provide a copy of your identity document and current proof of residence (not older than 3 months) as well as a R20,000 refundable registration fee.

Disclaimer:

The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Auctioneers. Bidders must conduct their own investigations prior to bidding.


 
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