600m² Tenanted Building with Development Opportunity

OPENING BIDS TO BE ADJUSTED ONE DAY PRIOR TO AUCTION.

ONLINE AUCTION

Bidding Start Time: Wednesday 25 June 2025 @ 09:00

Bidding End Time: Thursday 26 June 2025 @ 14:30

Registration is essential by Monday 23 June 2025.

Pre-Auction Offers may be considered. Auction Finance Available.

For more information, please contact the listing agent.

DESCRIPTION:

• Perfectly positioned corner commercial building.
• On combined erven of 767m² land size.
• Currently 5 tenanted and 1 vacant shop.
• Potential income of ±R35,000 per month or ±R420,000 per annum at net ROI of 12.6%.
• Possible development opportunity for mixed use with over 1500m² of bulk and 100% coverage.

Pre-Auction offers excl. Claremart fee will be considered.

DETAILS:

• Erf No (Extent):  9929, Goodwood (426m²)
• Erf No (Extent):  9928, Goodwood (341m²)
• Rates:  TBC
• Zoning:  General Business 2

Web Ref:  751344

Transfer Duty Applicable

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.

Sanjeev Boyjoonauth | 066 054 2211 | 021 425 8822 | sanjeev@claremart.com

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: info@claremart.co.za