Commercial - Land for Sale in Pelican Park

Description

ONLINE AUCTION Bidding Start Time: Wednesday 27 November 2024 @ 09:00 Bidding End Time: Thursday 28 November 2024 @ 14:30 Registration is essential by Monday 25 November 2024. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent. DESCRIPTION: Please note that the price indicated on this advert stipulates the opening bid not the price. APPROVED COMMERCIAL SHOPPING COMPLEX SITE Turnkey development commercial site. Ideally located on one of the busiest roads in the Southern Suburbs, Strandfontein Road. The site has a high-volume passing traffic which lends itself well for branding and exposure. The site plan consists of, Shop 1- Retail Anchor 1460m² + 101m² office Shop 2- Retail 304m² Shop 3- Retail 127m² Shop 4 -Retail 30m² Shop 5- Retail 59m² Shop 6- ATM - 8m² Potential nett income: R 326 000 per month or R 3 912 000 PA Erf extent: 5046m² & Gross lettable area: 2089m² You can also incorporate a residential component above the commercial. Many options are available. Neighborhood Shopping Center's are in demand and are like "hens teeth" at the moment. This is a turnkey site Shopping Centre site with a great return at the end. The adjacent site is also on offer which will then give it a combined size extent of 9004m². Plans available on request. BIDDING STARTS AT R 3 400 000: PRE-AUCTION OFFER MAY BE CONSIDERED DETAILS: • Erf no: 2709 • Erf size: 5036m² • Zoning: General Business 1 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 R 20,000 refundable 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.