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POA

Commercial Property On Auction in Potchefstroom Central

55 Nelson Mandela Drive, Potchefstroom Central, Potchefstroom

836 m²
- m²: 836 m²
- Hectares: 0.084 ha
- Acres: 0.207 acres

AUCTION

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Rudi Muller

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Anton Engelbrecht

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Online auction - commercial property (n12) potchefstroom

ONLINE AUCTION - POTCHEFSTROOM

COMMERCIAL BUILDING – INVESTMENT OPPORTUNITY

STARTS @ 09:00 ON 18 JUNE 2024

ENDS @ 15:00 ON 19 JUNE 2024

55 NELSON MANDELA DRIVE (adjacent to N12)

Property: Portion 28 ERF 110 Potchefstroom. MEASURING: 836 square metres

Zoning: Business – Retail and offices

Improvements: Three storey commercial building:

Ground Floor (± 560m²): Improved with 8 (eight) retail spaces with ablution facilities and storage spaces.

First Floor and Second floors (± 1008m²): Two office spaces on each floor. Each floor is improved with a reception area; boardroom; various office cubicles; kitchenettes and ablution facilities.

Other improvements: small, paved courtyard; brick perimeter walls. Onsite and on street parking available.

Monthly rental income R83,498.36 (current)

Less expenses:

Basic rates ...

ONLINE AUCTION - POTCHEFSTROOM

COMMERCIAL BUILDING – INVESTMENT OPPORTUNITY

STARTS @ 09:00 ON 18 JUNE 2024

ENDS @ 15:00 ON 19 JUNE 2024

55 NELSON MANDELA DRIVE (adjacent to N12)

Property: Portion 28 ERF 110 Potchefstroom. MEASURING: 836 square metres

Zoning: Business – Retail and offices

Improvements: Three storey commercial building:

Ground Floor (± 560m²): Improved with 8 (eight) retail spaces with ablution facilities and storage spaces.

First Floor and Second floors (± 1008m²): Two office spaces on each floor. Each floor is improved with a reception area; boardroom; various office cubicles; kitchenettes and ablution facilities.

Other improvements: small, paved courtyard; brick perimeter walls. Onsite and on street parking available.

Monthly rental income R83,498.36 (current)

Less expenses:

Basic rates R 1,459.56

Property rates: R 8,886.88

r10,346.44

Nett monthly income

R62,260.74 which calculates to ± R750,000.00 per annum.

Notes: **Prepaid electricity metres installed in all units.

**VACANT lease space on 1st (150 sqm) and 2nd (200 sqm) floors, projected rental income calculated @ R40.00 p/sqm.

** Seller registered for VAT.

**Viewing by appointment only or an hour prior to commencement of the auction.

**Contact the Auctioneers for further information.

CONDITIONS: 5% of the purchase price and 7.5% commission plus VAT thereon is payable by the PURCHASER at the fall of the hammer. Balance on registration, guarantees to be furnished within 30 days after acceptance of the offer. Buyers must have proof of residence and identity available. (fica). Visit our website for further information, the rules of auction as well as the regulations in terms of the Consumer Protection Act.

Contact the auctioneers for further information.