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High Visibility Commercial Property
updated on Feb 20, 2024

WEB REF: 707090

Property Summary
  • Selling Price POA
  • Property Type Commercial - Retail
  • Erf Size 205.0000 m2


ONLINE AUCTION Bidding Start Time: Wednesday 28 February 2024 @ 09:00 Bidding End Time: Thursday 29 February 2024 @ 14:30 Registration is essential by Monday 26 February 2024. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent. Description: High Visibility Commercial property. The property is situated in the commercial node of Observatory, Cape Town. Located on the Main Road with a large traffic and foot flow daily. The property extracts high visibility which allows for branding and marketing potential. Situated opposite the Super Spar, Groote Schuur hospital and many domain student accommodation. Currently the home of GM Butchery, a renowned halaal butchery in the Western Cape. Established in 1997, GM butchery has become a household name. This is a great opportunity to take advantage of the loyal clientele and continue as a butcher. Situated in the student node of the Western Cape this property can be converted to student accommodation essentially extracting maximum income. ZONING: GB5 100% Coverage PURCHASE PRICE EXCLUDES VAT. PLEASE NOTE: The purchase price is only for the property and not equipment, fixtures and furniture. This can be purchased at an extra cost. Details: • Erf no: 25772 • Erf size:205 m² 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

      315 Main Road Observatory Cape Town

      Contact Agent(s)

      eMail Agent(s)