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SAIA - South African Institute of Auctioneers

MIXED USE INVESTMENT WITH INCOME - MONTE VISTA COMMERCIAL PROPERTY AUCTION IN CAPE TOWN, WESTERN CAPE AUCTIONED BY CLAREMART AUCTIONEERS

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CAPE TOWN - COMMERCIAL PROPERTY, INVESTMENT PROPERTY, RETAIL PROPERTY

MIXED USE INVESTMENT WITH INCOME - MONTE VISTA

DESCRIPTION:

5 Barrow Street Monte Vista Goodwood

FEATURES:

Guide Price: R5 000 000 - R5 500 000

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 property is situated in the hub of Monte Vista and is a prime property. Close and easy access to all major motorways and public transport gives you the edge and that's why tenants love the area. Ample parking which makes things easy for tenants and zoned GB2 which means there is room for expansion.

GROUND FLOOR - FULLY LET:

• 3 fully tenanted shops that have been there for years

• Easy access

• Back courtyard behind shops

• Ample parking in front of building

• Prepaid water meters installed

• Prepaid electricity meters installed

• Each tenant fully alarmed

• Security gates

• Total rental income R30 000 pm

1st FLOOR

• 4 Bedrooms

• Bathroom

• Kitchen

• Lounge

• Dining room

• Previously used as a pre-school

• 100m2 Balcony

• Potential rental R15 000 pm

• Prepaid water meters installed

• Prepaid electricity meters installed

Details:

• Erf no: 440

• Erf size: 486m²

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.


 
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