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SAIA - South African Institute of Auctioneers

REVAMP OPPORTUNITY WITH MANY POSSIBILITIES - CITY AND SUBURBAN COMMERCIAL PROPERTY AUCTION IN CAPE TOWN, WESTERN CAPE AUCTIONED BY CLAREMART AUCTIONEERS

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

REVAMP OPPORTUNITY WITH MANY POSSIBILITIES - CITY & SUBURBAN

DESCRIPTION:

242 Marshall Street City & Suburban 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:

A truly unbelievable conversion opportunity of an existing industrial structure into a residential property in the bustling heart of Maboneng.

This property is currently occupied by illegal occupants and is in need of a desperate make over, with minimal effort, this building could be turned into an amazing place to reside.

Approximately 2500m2 spanning over 5 floors making enough room for comfortable bachelor or student living.

The property is primely located near a shopping complex, restaurants, entertainment venues, highways and public transport in the vibrant Maboneng.

Details:

• Erf no: 567

• Erf size: 495m²

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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