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R 2 000 000

Commercial Property On Auction in Wynberg Upper

  • Floor Size 263 m²
  • AUCTION
Online auction 31 October 2024 - Invited opening bid R2 000 000

Property Summary

This sale is Subject to Confirmation by the parties involved

Erf 66917 and 66918 Wynberg

Total extent 263m2

Rates approximately R3685 per month

Current rental income of R456 000 per annum

Property description

Entire free standing commercial building

3 ground floor shops and first floor space

Residential property at the back of the property

All leases on a month to month agreement at present

Tenants include a Salon, Pie shop, a taylor and a church

Location

This property is located in the Main Road of Wynberg upper with fantastic exposure and lot of passing traffic

Additional Details

A 10% deposit and 5% auctioneers fee (plus VAT on fee) is due and payable by the highest bidder once bidding has closed. See Legal tab for Special Conditions.

Please note: All legal documents can be viewed by clicking on the ‘Legals’ tab above, in order for you to carry...

Property Summary

This sale is Subject to Confirmation by the parties involved

Erf 66917 and 66918 Wynberg

Total extent 263m2

Rates approximately R3685 per month

Current rental income of R456 000 per annum

Property description

Entire free standing commercial building

3 ground floor shops and first floor space

Residential property at the back of the property

All leases on a month to month agreement at present

Tenants include a Salon, Pie shop, a taylor and a church

Location

This property is located in the Main Road of Wynberg upper with fantastic exposure and lot of passing traffic

Additional Details

A 10% deposit and 5% auctioneers fee (plus VAT on fee) is due and payable by the highest bidder once bidding has closed. See Legal tab for Special Conditions.

Please note: All legal documents can be viewed by clicking on the ‘Legals’ tab above, in order for you to carry out due diligence in relation to the property. By doing so, this will also ensure that you are continuously updated regarding any pricing changes on the property prior to auction.

Listing number: P24-114906839, Image number: 1, Image
Listing number: P24-114906839, Image number: 2, Image
Listing number: P24-114906839, Image number: 3, Image
Listing number: P24-114906839, Image number: 4, Image
Listing number: P24-114906839, Image number: 5, Image
Listing number: P24-114906839, Image number: 6, Image
Listing number: P24-114906839, Image number: 7, Image
Listing number: P24-114906839, Image number: 8, Image
Property Overview
Listing Number
114906839
Type of Property
Commercial Property
Listing Date
09 September 2024
Erf Size
263 m²
Floor Size
263 m²
Rates and Taxes
R 3 685
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Auction Details

31 October 2024, 10:00
Online
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