A sale in execution (SIE) is a legal process whereby properties are sold at a public auction by the local sheriff (appointed as an officer of the court) on instruction by an execution creditor (usually a bank) to the highest bidder at the fall of the hammer. An SIE represents a final outcome as it is not subject either to the seller's or the bank's approval.
This property, with commercial rights, is currently home to a thriving security business. The owner is selling off stock, including shelves and tools, presenting a fantastic opportunity for those interested in running their own security company. Please note that the listed price for the business does not include the value of the existing stock.
Situated on a corner stand, the property features ample parking, a security gate, electrical fencing, and beams. Additionally, Vodacom has a base station in the garden, providing a steady monthly rental income. The station is powered by a generator.
For more details or to arrange a viewing, please contact us.
