Commercial - Block of Flats for Sale in Vasco Estate

Description

ONLINE AUCTION Bidding Start Time: Wednesday 27 August 2025 @ 09:00 Bidding End Time: Wednesday 28 August 2025 @ 14:30 Registration is essential by Monday 25 August 2025. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent. DESCRIPTION: • 25 x (77- 81m²) apartments – can be split further • Office space • Commercial large showroom • Commercial shop • 5 x Double-garages (10 bays) • Wash bay • 10 x Open parking bays • Mechanical workshop • Sink hole ground water access • 5 x Jojo tanks • Lift Key Investment Highlights: • Excellent location along Voortrekker corridor • Situated on student transport routes • Fully sectionalised • 100 % Tenanted • Ideal for student accommodation conversion • Close to major Tertiary Institutes • Commercial office area ( potential to be converted into additional units) • 25 apartments can be further subdivided into smaller units • Ground floor commercial area & shop • Additional 900m² bulk available • Gross Floor Area: 3 154m² Gross Income: ± R4,467,678p.a. Great returns for the keen investor or developer Pre-Auction Offers excl. Claremart fee will be considered. DETAILS: • Sectional scheme name: SS Senator Sentrum • Sectional scheme no: 19/1984 • Unit (Extent): 1 (66m²) • Unit (Extent): 2 (378m²) • Unit (Extent): 3 (228m²) • Unit (Extent): 4 (142m²) • Unit (Extent): 5 ( 784m²) • Unit (Extent): 6 (77m²) • Unit (Extent): 7 (77m²) • Unit (Extent): 8 (77m²) • Unit (Extent): 9 (77m²) • Unit (Extent): 10 (81m²) • Unit (Extent): 11 (77m²) • Unit (Extent): 12 (77m²) • Unit (Extent): 13 (77m²) • Unit (Extent): 14 (77m²) • Unit (Extent): 15 (81m²) • Unit (Extent): 16 (77m²) • Unit (Extent): 17 (77m²) • Unit (Extent): 18 (77m²) • Unit (Extent): 19 (77m²) • Unit (Extent): 20 (81m²) • Unit (Extent): 21 (77m²) • Unit (Extent): 22 (77m²) • Unit (Extent): 23 (77m²) • Unit (Extent): 24 (77m²) • Unit (Extent): 25 (81m²) 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.