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R 21 000 000

Commercial Property On Auction in Nelspruit Ext 2

Nelspruit Ext 2, Nelspruit

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1 190 m²

AUCTION

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Adriaan Buys

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Jazira Geldenhuys

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Student accommodation with 28 rooms & two-townhouses.

Going on Auction: Wednesday 30 October 2024

Reserve Price: R21 000 000.00 (All offers will be reviewed)

Expected Opening Bid: R19 000 000.00

Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)

The double story building consists of 28 Secure en-suite rooms with kitchenette in prime location with high visibility and easy access. Zoned for a motel and overnight accommodation. Currently used as a student residence, it can house 56 students and is affiliated with several local universities and colleges, ensuring a consistent income stream. There are three additional townhouses on the property, each with two bedrooms, one full bathroom an open plan kitchen, lounge and dining area and undercover parking. The adjoining fully let three-unit townhouse complex which is offered as a package...

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Property Overview

Listing Number

115068768

Type of Property

Commercial Property

Listing Date

14 October 2024

Erf Size

2 384 m²

Floor Size

1190 m²

Rates and Taxes

R 1 800

Facilities

Bathrooms

Lounges

Lounge 1

Lounge 2

Dining Rooms

External Features

Parking

Secure Parking

Other Features

Security

Burglar Bars

Points of Interest

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