001 - Commercial Property at Starwood, Phoenix

LOT NOT SOLD

Opening Bid: 8 000 000 ZAR

CLOSING BID

8 000 000 ZAR

Commercial Property at Starwood, Phoenix, comprising a 727 sqm plot with a two-storey commercial building (approx. 520 sqm). The property has consent for use as a medical centre (pharmacy and doctors' practice), currently utilised for shops and offices.

Based on current market conditions and comparable properties in the area:
- Estimated Market Value: R10 million - R14 million
 

The property offers:
- 520 sqm built area (2 floors)
- Potential to develop third floor (260 sqm)
- Prime location in Starwood, Phoenix

Important Notice: The property's current use (shops/offices) differs from approved consent (medical centre). Purchasers should satisfy themselves regarding consent requirements and potential implications.


CONTACT DETAILS:

Auctioneer: Auction Specialist

Contact No: 0823453565

Email: [email protected]

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