Commercial - Retail for Sale in Bo Kaap

Description

ONLINE AUCTION Bidding Start Time: Tuesday 29 April 2025 @ 09:00 Bidding End Time: Wednesday 30 April 2025 @ 14:30 Registration is essential by Friday 25 April 2025. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent. DESCRIPTION: A rarely positioned property with superette as tenant in the heart of the highly sought-after Bo-Kaap is now available! This prime retail space offers: • Rental income of ±R252,000 per annum with a month-to-month tenancy. • Located within a 3-section property, with the shop available for individual sale. • Prime location ensuring stable trading and consistent foot traffic. • Excellent yield • The garage from section 1 is included in the sale of section 2. Don't miss this exceptional investment opportunity in one of Cape Town's most vibrant and historic neighborhoods. DETAILS: • Sectional scheme name: SS Chiappini Place • Sectional scheme no: 420/2004 • Unit no: 2 • Unit size: 58m² 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 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.