ONLINE AUCTION
Bidding Start Time: Wednesday 30 July 2025 @ 09:00
Bidding End Time: Thursday 31 July 2025 @ 14:30
Registration is essential by Monday 28 July 2025.
Pre-Auction Offers may be considered. Auction Finance Available.
For more information, please contact the listing agent.
DESCRIPTION:
Fully Tenanted Apartment Block With Retail Component.
The property is located on the business corridor of Brooklyn, Koeberg Road. With high volume traffic, the site draws great exposure.
Property consists of: Commercial/Retail Component
• Sports bar
• Mobile repairs store
• Mini market/superrette
• Fast food/take away
• Appliance repair store
• Laundromat
Residential Component:
• 6 x 2- Bedroom Apartments
• 1 x 1-Bedroom Apartment
• Onsite parking available for residential tenants.
• NETT Income of ±R 78 800pm or ±R 945 600pa
On Auction: Online 30th & 31th July 2025 Pre-Auction offers may be considered.
DETAILS:
• Erf no: 20064, Cape Town
• Erf size: 830m²
• 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 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
Brooklyn, Milnerton, Western Cape