Commercial - Retail on Auction in Cape Town City Centre

Description

Restaurant Lease Up For Auction PROPERTY DETAILS Portion of Erf 95135 Cape Town ADDRESS 21 Queen Victoria Street, Cape Town ZONING Open Space 2 SIZE ±980m² Commission Percentage Rate (%) (excl VAT) of the Monthly Rental (excl VAT) in Rand Value as recorded by auctioneers Immovable Property Leases (Commercial, Industrial, Mixed-Use Development, General Residential Immovable Property and Concessionary Rights) 1 R 1 000 001 and above - 2% of the first two years accumulated rental for the duration of the lease agreement 2 R 500 001 – R 1 000 000 - 2.5% of the first two years accumulated rental for the duration of the lease agreement 3 R 100 001 – R 500 000 - 2.5% of the first two years accumulated rental for the duration of the lease agreement 4 R 50 001 – R 100 000 - 3% of the first two years accumulated rental for the duration of the lease agreement 5 R 10 000 – R 50 000 - 3% of the first two years accumulated rental for the duration of the lease agreement 6 R 10 000 and below - 4% of the first two years accumulated rental for the duration of the lease agreement