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SAIA - South African Institute of Auctioneers

GREAT INVESTMENT WITH TENANTS AND RENTAL - LEMOENKLOOF COMMERCIAL PROPERTY AUCTION IN CAPE TOWN, WESTERN CAPE AUCTIONED BY CLAREMART AUCTIONEERS

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CAPE TOWN - COMMERCIAL PROPERTY, INVESTMENT PROPERTY

GREAT INVESTMENT WITH TENANTS AND RENTAL - LEMOENKLOOF

DESCRIPTION:

333 Main Road Lemoenkloof Paarl

FEATURES:

BIDDING OPENS AT R5,000,000

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:

The Towers on the corner of 333 Main Road, Nantes, 4 Fabriek and Lady Grey Street is the tallest building in Paarl (which was recently declared a city and with 190 000 inhabitants is the second biggest city in the Western Cape). The Towers is in the central business district and is within walking distance of restaurants, shops, Pick ’n Pay, Woolworths, Virgin Active, etc. There is controlled access with security guards. Three lifts have recently been replaced; each floor has male and female bathrooms as well as a modern kitchenette. All offices are fully air-conditioned (occupants control the settings), with pre-paid electricity meters. All offices renovated, newly painted, and carpets cleaned. Fibre was brought to the building in the last quarter of 2018.

• A Grade offices

• 1287 m² total

• Two store rooms of 10m² each.

• 13 offices

• Ample parking

• Rentals in the area are R125m² to R165/m²

• 16% Guaranteed yield; R175 000 per month rental guarantee (via headlease) for 12 months

Details:

• Sectional scheme name: SS The Towers

• Sectional scheme no: 378 / 2008

• SECTIONS: 68; 69; 73; 75-84 & STORAGE UNITS 8 & 9

• Rates p.m.: ± R9009

• Levies: R29 472.23

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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