Commercial - Retail for Sale in Newlands

Description

ONLINE AUCTION Bidding Start Time: Wednesday 27 August 2025 @ 09:00 Bidding End Time: Thursday 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: Two commercial properties for the price of one, Boasting a total of 4 store fronts, property A is currently vacant and was tenanted by a boilermaker, can be used as work shop and other related business, Property B consists of a furniture store, Locksmith and 5 residential tenants in the back a further 2 additional residential lease able unit available for added income. Property current generates a gross annual income of roughly ±R300 000. DETAILS: • Erf no (Extent): 1560, Newlands (495m²) • Erf no (Extent): 1558, Newlands (495m²) • Zoning: 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.