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TWO PRIME SECTIONS TOTALING 329M² IN ROSENPARK TYGERVALLEY
updated on Jul 12, 2024
POA

WEB REF: 715709

Property Summary
  • Selling Price POA
  • Property Type Commercial - Retail


Description

ONLINE AUCTION Bidding Start Time: Wednesday 31 July 2024 @ 09:00 Bidding End Time: Thursday 1 August 2024 @ 14:30 Registration is essential by Monday 29 July 2024. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent. DESCRIPTION: In secured Rosenpark Two: Commercial properties consisting of two sections: • Section 5, Door 14 with GLA 178m² - Rental potential ±R120/m² - R21,360 ex VAT pm or R256,320 p/annum could be achieved and • Section 6, Door 15 with GLA 151m² - Currently tenanted at R17,006 pm excl VAT or R204,072 p/annum. • Parking: 4 open parking bays per unit available. • The units both have smooth finished floors and have e great natural light . • Each section has an office as well as an open showroom space • Each section has a kitchen and toilet facilities • Perfect for Owner Occupier or Investors . • Together potential income is ±R460,392 giving you at least 11% Net ROI • Pre-auction offer welcome! DETAILS: • Sectional Scheme Name: SS Rosenpark Two • Sectional Scheme No: 132/1996 • Unit No (Extent): 5 (178m²) • Unit No (Extent): 6 (151m²) • Rates: Unit 5 = ±R2,187.13 per month • Rates: Unit 6 = ±R1,848.79 per month • Levies: Unit 5 = ±R2,574.53 per month • Levies: Unit 6 = ±R2,167.30 per month 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.

Additional Features
      Property Address

      17 Bella Rose Street Bellville Central Bellville

      Contact Agent(s)

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