R 4 950 000

Commercial Property On Auction in Pelican Park

Pelican Park, Cape Town

Contact broker for street address

9 004 m²
- m²: 9 004 m²
- Hectares: 0.9 ha
- Acres: 2.225 acres

AUCTION

Approved Commercial Shopping Complex Site

Bidding Opens At R4,950,000

ONLINE AUCTION

Bidding Start Time: Wednesday 29 January 2025 @ 09:00

Bidding End Time: Thursday 30 January 2025 @ 14:30

Registration is essential by Monday 27 January 2025.

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

For more information, please contact the listing agent.

DESCRIPTION:

Please note that the price indicated on this advert stipulates the opening bid not the price.

Turnkey development commercial site. Ideally located on one of the busiest roads in the Southern Suburbs, Strandfontein Road. The site has a high-volume passing traffic which lends itself well for branding and exposure.

The site plan consists of,

SITE 1:

• Shop 1- Retail anchor 1460m² + 101m² office

• Shop 2- Retail 304m²

• Shop 3- Retail 127m²

• Shop 4 -Retail 30m²

• Shop 5- Retail 59m²

• Shop 6- ATM - 8m²

• Potential net...

Bidding Opens At R4,950,000

ONLINE AUCTION

Bidding Start Time: Wednesday 29 January 2025 @ 09:00

Bidding End Time: Thursday 30 January 2025 @ 14:30

Registration is essential by Monday 27 January 2025.

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

For more information, please contact the listing agent.

DESCRIPTION:

Please note that the price indicated on this advert stipulates the opening bid not the price.

Turnkey development commercial site. Ideally located on one of the busiest roads in the Southern Suburbs, Strandfontein Road. The site has a high-volume passing traffic which lends itself well for branding and exposure.

The site plan consists of,

SITE 1:

• Shop 1- Retail anchor 1460m² + 101m² office

• Shop 2- Retail 304m²

• Shop 3- Retail 127m²

• Shop 4 -Retail 30m²

• Shop 5- Retail 59m²

• Shop 6- ATM - 8m²

• Potential net income: R 326 000 per month or R 3 912 000 PA

• Erf extent: 5046m² & Gross lettable area: 2089m²

SITE 2

• Retail anchor 879m² + 69m² office

• Shop 08 ATM 7m²

• Shop 09 restaurant 249m² Shop 09 decking restaurant decking 143m² Shop 9 restaurant Office 89m².

(This unit has a drive thru component)

• Potential net income: R 227 170 per month.

• Zoning: GB1

• Erf extent: 3872m²

• Gross lettable area: 1436m²

You can also incorporate a residential component above the commercial. Many options are available.

Neighborhood Shopping Centre’s are in demand and are like "hens teeth" at the moment. This is a turnkey site with a great return at the end.

Plans and further info available on request.

NOTE: SITES CAN BE SOLD SEPARATELY

DETAILS:

• Erf no (Extent): 2721, Pelican Park (3968m²)

• Erf no (Extent): 2709, Pelican Park (5036m²)

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.

The Claremart Group is a leader in commercial and residential properties. We attract huge crowds to our auctions and consistently match and exceed the mandated price on properties sold under our hammer.

Listing number: P24-115157897, Image number: 1

Listing number: P24-115157897, Image number: 2

Listing number: P24-115157897, Image number: 3

Listing number: P24-115157897, Image number: 4

Listing number: P24-115157897, Image number: 5

Listing number: P24-115157897, Image number: 6

Listing number: P24-115157897, Image number: 7

Listing number: P24-115157897, Image number: 8

Listing number: P24-115157897, Image number: 9

Property Overview

Listing Number

115157897

Type of Property

Commercial Property

Listing Date

01 November 2024

Erf Size

9 004 m²

Points of Interest

Bond Calculator

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