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SAIA - South African Institute of Auctioneers

MULTI-USE PROPERTY IN THE HEART OF JOBURG CBD - SELBY DEVELOPMENT PROPERTY AUCTION IN CAPE TOWN, WESTERN CAPE AUCTIONED BY CLAREMART AUCTIONEERS

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CAPE TOWN - DEVELOPMENT PROPERTY, INVESTMENT PROPERTY

MULTI-USE PROPERTY IN THE HEART OF JOBURG CBD - SELBY

DESCRIPTION:

11 Eloff Street Selby Johannesburg

FEATURES:

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:

• 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 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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