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Development Opportunity with GB1 & GR4 Zoning
updated on Feb 12, 2024
POA

WEB REF: 707200

Property Summary
  • Selling Price POA
  • Property Type Commercial - Retail
  • Erf Size 1203.0000 m2


Description

Deceased Estate Halima Arrief (Master Ref No. 019088/2022) SOLD TOGETHER AND SEPARATELY 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: This is the goldmine you've been searching for! Situated in the most convenient and central pocket of Wynberg, this high exposure site can be found with the perfect zoning for you to redevelop or invest in. Currently consisting of 4 properties, a combined size of 1207m², the opportunities are endless. Located on the corners of Sussex Road, York Road and Gosport Road, within walking distance of primary & secondary schools as well as major transport routes and hubs with high exposure and footfall. This site is catered for investment or redevelopment focusing on retail, residential, office or mixed-use. As a portfolio disposal from a deceased estate, the 4 adjacent properties hold GB1 & GR4 zonings. The properties can be bought separately or together as one package deal. Please note that no vacant occupation is guaranteed. In-house development services are available. Details: • Erf no (Extent): 68667 (173m²) (5 Gosport Road, Wynberg) • Erf no (Extent): 68668 (176m²) (3 Gosport Road, Wynberg) • Erf no (Extent): 68669 (463m²) (60 Gosport Road, Wynberg) • Erf no (Extent): 68670 (391m²) (6 York Road, Wynberg) 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

      3, 5, 60 Gosport Road Wynberg Cape Town

      Contact Agent(s)

      eMail Agent(s)