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SAIA - South African Institute of Auctioneers

LARGE FIRST-FLOOR OFFICE IN PAARL CENTRE FOR SALE: 15,48% GROSS YIELD - LEMOENKLOOF COMMERCIAL PROPERTY AUCTION IN CAPE TOWN, WESTERN CAPE AUCTIONED BY CLAREMART AUCTIONEERS

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CAPE TOWN - COMMERCIAL PROPERTY, INVESTMENT PROPERTY

LARGE FIRST-FLOOR OFFICE IN PAARL CENTRE FOR SALE: 15,48% GROSS YIELD - LEMOENKLOOF

DESCRIPTION:

333 Main Road Lemoenkloof Paarl

FEATURES:

BIDDING OPENS AT R1,000,000

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:

Extra-large (124m2) office space. Currently vacant, projected rental R18 600 plus VAT.

• Gross yield: 15,48%

• Nett yield: 12,13%

• Rates: R 7.00/m2, total R868

• Levies: R27.90/m2, total R3460

Seller is prepared to sign a headlease for 12 months at R20 000 per month: 15,48% gross, 12,13% nett yield.

Details:

• Sectional scheme name: SS THE TOWERS

• Sectional scheme no: 528 / 2007

• Unit no: 19

• Unit size: 124m²

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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