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SAIA - South African Institute of Auctioneers

TENANTED COMMERCIAL WITH GREAT RETURNS - KENSINGTON B COMMERCIAL PROPERTY AUCTION IN CAPE TOWN, WESTERN CAPE AUCTIONED BY CLAREMART AUCTIONEERS

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CAPE TOWN - COMMERCIAL PROPERTY, INVESTMENT PROPERTY, RETAIL PROPERTY

TENANTED COMMERCIAL WITH GREAT RETURNS - KENSINGTON B

DESCRIPTION:

3 Nerina Street Kensington B Randburg

FEATURES:

Guide Price: R1 800 000 - R2 300 000

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:

This prime 220m2 is situated on the corner of a prime busy road in Kensington B, Randburg. This is a perfect investment as tenant has been there for over 7 years and will happily enter into a new 3-5 year lease agreement when lease comes up for renewal in April 2022.

TENANT:

• Double garage where he runs one of his Boxman franchise

• Premises is totally walled off

• Offices

• Large workable area

• Carports for shaded area

• Toilets

• Mechanical and small panel beating work for the many car dealers in the area.

• Premises is close to all car dealerships in the area

• Good security

• Tenant paying R20 000 p/m.

Details:

• Erf no: 471

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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