Bidding Opens At R14,500,000
ONLINE AUCTION
Bidding Start Time: Wednesday 29 January 2025 @ 09:00
Bidding End Time: Thursday 30 January 2025 @ 14:30
Registration is essential by Monday 27 January 2025.
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.
Situated on Victoria Road the business corridor of Woodstock. The property is surrounded by other commercial properties and situated in a high residential density area.
The property has a AAA-Grade Anchor Tenant Standard Bank who has occupied the building for many years. There is 3 other commercial tenants along Roberts Road. The residential component of the property consists of 6 large 2 and 3 bedroom apartments ranging from ±64m² - 85m².
Added value is in the approved SDP, Including HWC Approvals for ground plus 8 additional levels.
Total number of units 80, Ranging from 27m² to 64m².
48 x Studio, 19 x 1 beds, 13 x 2 beds and 10 x Stores .
Further information will be supplied upon an NDA signed.
Reach out to secure this incredible investment!
DETAILS:
• Erf no: 13355, Cape Town
• Erf size: 825m²
• Zoning: General Business 5
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.
Property Address
230 Victoria Road Woodstock Cape Town