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SAIA - South African Institute of Auctioneers

LARGE 4 BEDS PLUS 5 LETTABLE UNITS WITH BUSINESS POTENTIAL - FROGMORE ESTATE COMMERCIAL PROPERTY AUCTION IN CAPE TOWN, WESTERN CAPE AUCTIONED BY CLAREMART AUCTIONEERS

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CAPE TOWN - COMMERCIAL PROPERTY, INVESTMENT PROPERTY

LARGE 4 BEDS PLUS 5 LETTABLE UNITS WITH BUSINESS POTENTIAL - FROGMORE ESTATE

DESCRIPTION:

24 Military Road Frogmore Estate Cape Town

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:

Beautiful property offering:

MAIN HOUSE:

• 4 bedrooms

• 2 bathrooms

• Lounge/Dining area

• Fitted Kitchen

• Rental at R12,000 pm

FLATLET 1:

• 1 bedroom

• Lounge

• Kitchen

• Bathroom

• Rental at R4,000

FLATLET 2:

• 1 bedroom

• Kitchen

• Bathroom

• Rental at R4,000 pm

FLATLET 3:

• 1 bedroom and bathroom

• Rental at R3,500 pm

SHOP 1 / FLATLET 4:

• 1 bedroom

• Kitchenette

• Bathroom

• Rental at R4,500 pm

SHOP 2 / FLATLET 5:

• 1 bedroom

• Kitchenette

• Bathroom

• Rental at R4,500 pm

Total income = R38,500 pm or R462,000 per annum

REDEVELOPMENT POTENTIAL OR POSSIBLE BUSINESS PROPERTY WITH HIGH EXPOSURE!

Details:

• Erf no: 83140

• Erf size: 708m²

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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