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SAIA - South African Institute of Auctioneers

MIXED USE PROPERTY WITH POTENTIAL 15% YIELD - SELBY COMMERCIAL PROPERTY AUCTION IN CAPE TOWN, WESTERN CAPE AUCTIONED BY CLAREMART AUCTIONEERS

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CAPE TOWN - COMMERCIAL PROPERTY, INVESTMENT PROPERTY

MIXED USE PROPERTY WITH POTENTIAL 15% YIELD - SELBY

DESCRIPTION:

11 Eloff Street Selby Johannesburg

FEATURES:

BIDDING OPENS AT R6,800,000

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:

• Property is located next to JMPD

• Less than 200m from National transport road

• Situated 2 blocks away from Ghandi Square

• Located 2 blocks from SARS office

• Walking distance to Carlton centre

• 5 retail shops on ground floor including basements stretching entire foot-print of building

• 70% occupied

• Magnificent 2400m² property

• An absolute investor's dream that can be used as a commercial or residential property.

• This perfectly located building currently has 3 revenue-generating office space floors of approximately R120k per month

• In addition is a 2-bedroom penthouse on the rooftop

• 5 ground floor shops, each with access to the basement to be used as storage space

• The primly located building is in the very heart of the Johannesburg CBD, with easy access to multiple means of transportation as well as main routes (incl the M2) in and out of the CBD and surrounding food, shopping and banking facilities

Details:

• Erf no: 96

• Erf size: 800m²

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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