Search Here
Subscribe
SAIA - South African Institute of Auctioneers

GREAT INVESTMENT WITH 18% YIELD - FERNDALE COMMERCIAL PROPERTY AUCTION IN CAPE TOWN, WESTERN CAPE AUCTIONED BY CLAREMART AUCTIONEERS

Please scroll down for more information.

The South African Institute of Auctioneers Promotes the Auction Industry by Serving our Members, Stakeholders and the Public.

  • Citizen media hammer gavel
  • Liquidity Top Banner site
  • Truck & Trailer site top right
  • Nuco Site top
  • Auction Operation Home Site Top Banner

CAPE TOWN - COMMERCIAL PROPERTY, INVESTMENT PROPERTY, RETAIL PROPERTY

GREAT INVESTMENT WITH 18% YIELD - FERNDALE

DESCRIPTION:

409 Eton Avenue Ferndale Randburg

FEATURES:

Guide Price: R4 800 000 - R5 300 000

ONLINE AUCTION

Bidding Start Time: Wednesday 30 June 2021 @ 9:00AM

Bidding End Time: Thursday 1 July 2021 @ 2:30PM

Registration is essential before Tuesday 29 June @ 2:00PM

For more information, please contact the listing agent.

Description:

This prime 4609m2 property is situated on the corner of a prime busy road in Ferndale. Currently has four tenants plus there is opportunity for a fifth tenant as the space is vacant. Total income R69 710 excl vat p/m plus a possibility for another R9000 excl vat p/m income. THIS IS A VAT TRANSACTION AND POSSIBLE TO ZERO RATE THE SALE.

MAIN BENEFITS

• 18% Yield

• 4 solid tenants – been there over 7 years

• Potential for 5 tenant and increase yield.

• 4609m2

• Vat transaction

TENANT 1:

• Car dealership

• Spacious yard with covered awnings

• Open plan Offices for 6 people

• Portable offices for 4 people

• Kitchen

• Reception

• Males/female toilets

• Pre-paid electricity

• Rental R30 000 p/m

TENANT 2:

• Workshop

• Kitchen

• Toilets

• Walled yard area

• Rental R15 950 p/m

TENANT 3:

• Reception area

• Boardroom

• 5 offices

• Male/female toilets

• Kitchenette

• Lunch area

• Rental R10 260 p/m

TENANT 4:

• Workshop

• Walled yard area

• Kitchenette

• Male/female toilets

• Offices

• Potential rental R13 500 p/m

TENANT 5 (VACANT):

• Workshop

• Kitchenette

• Male/female toilets

• Offices

• Potential rental R9 000 p/m

Details:

• Erf no: 1373

• Erf size: 4609m²

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 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.


 
  • South African Auction College
  • auction operation site middle left
  • banner2 middle liquidity
  • Royal Academy middle site right
  • PVA Banner
  • michael james site left bottom
  • godove site middle click
  • WH auctions site click right