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MIXED-USE WITH GREAT RETURNS - CRAWFORD COMMERCIAL 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 - COMMERCIAL PROPERTY, DEVELOPMENT PROPERTY, INVESTMENT PROPERTY

MIXED-USE WITH GREAT RETURNS - CRAWFORD

DESCRIPTION:

104 Bridge Way Crawford Cape Town

FEATURES:

Guide Price R 16 500 000 - R 18 500 000

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 a great investment with mixed use of eight fully let two-bedroom apartments above ten commercial retail shops. This area is so good for investment that three of the commercial shops have taken up double units and expanded. The complex has eight undercover secure parking bays at the back of the building.

COMERCIAL

Ten fully let shops with leases in place

Prime area

Leases in place

Two restaurants

Beauty Parlour

Doctors rooms

Takeaway shop

APARTMENTS

Eight two bedrooms apartments fully let

Each apartment has two bathrooms

All apartments have open-plan kitchens

All apartments have an open plan dining room/ lounges

Each apartment has a spacious open balcony

Eight secure undercover parking bays

Details:

Erf no: 41983

Erf size: 1212m²

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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