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

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

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CAPE TOWN - RESIDENTIAL PROPERTY, COMMERCIAL PROPERTY, INVESTMENT PROPERTY, RETAIL PROPERTY

DESCRIPTION:

5 Barrow Street Monte Vista Goodwood

FEATURES:

Guide Price R 6 000 000 - R 7 000 000

ONLINE BIDDING ONLY

Bidding Start Time: Wednesday 25 November 2020 @9:00AM

Bidding End Time: Thursday 26 November 2020 @2:30PM

Registration is essential before Tuesday 24 November @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

The back courtyard behind shops

Ample parking in front of the building

Prepaid water meters installed

Applied for prepaid electricity meters

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 preschool

100m2 Balcony

Potential rental R15 000 pm

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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