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SAIA - South African Institute of Auctioneers

FULLY TENANTED COMMERCIAL PROPERTY WITH GOOD RETURNS - JEPPESTOWN COMMERCIAL PROPERTY AUCTION IN CAPE TOWN, WESTERN CAPE AUCTIONED BY CLAREMART AUCTIONEERS

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CAPE TOWN - COMMERCIAL PROPERTY, INVESTMENT PROPERTY, RETAIL PROPERTY

FULLY TENANTED COMMERCIAL PROPERTY WITH GOOD RETURNS - JEPPESTOWN

DESCRIPTION:

232 Jules Street & 14 Jumper Street, Jeppestown

FEATURES:

BIDDING OPENS AT R2,500,000

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:

This prime commercial property is situated in the heart of Jeppestown and offer a keen investor a good opportunity to have a fully tenanted block with loyal tenants who have been there for years and have established businesses. Easy access to all motorways and supporting businesses in the area. The building consists of 6 apartments and 4 shops.

TOTAL INCOME - R40 760.00

SHOPS:

• Supermarket

• Motor spares

• Spice shop

• Pre-school

• All shops have prepaid electricity meters

• Tenants pay for water

• Total income for shops - R28 126.00

FLATS:

• 6 Bachelor units

• All flats have prepaid electricity meters

• Tenants pay for water

• New roof has been done

• Solar panels on roof for hot water

• Total income for flats - R12 635.00

Details:

• Erf no: 2240

• Erf size: 248m²

• Erf no: 2241

• Erf size: 248m²

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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