400 m² Retail Space in Soweto Central

On Auction

Mark Gadd

Property.CoZa-Atlantic Seaboard / City Bowl

400 m² Retail Space in Soweto Central

On Auction

97 buthelezi street
Can I afford this?
Floor Area 400 m²
Land Area 571 m²

DECEASED ESTATE _ COMMERCIAL RETAIL/RESIDENTIAL CENTRE IN PRIME LOCATED AREA IN SOWETO

Deceased Estate - Online auction of commercial retail centre with 3 residential units and store room located in the prime location of 97 - 103 Buthelezi Street, Jabulani, Soweto (erven 154,1543,1544,1545). The online auction now open for offers/bids and closes on Friday 13th December unless sold prior. Offers from R1 500 000 plus auction 10% plus vat thereon commission over and above the purchase price.

The centre is ideal to unlock a very good and profitable investment. It currently consists of 6 retail shops of which 4 are vacant, 3 vacant reseidential units (15sqm each with a communal toilet and shower) and a store room at the rear. Opportunity to unlock more bulk by extending upwards. The centre is located in a middle income residential node and ideal for the purchaser to lease the shops as the centre is closest opportunity for customers in the area.

The sale of this property is subject to the approval of the executor of the estate and Master of the High Court. 10% deposit of the purchase price plus auction 10% commission plus vat thereon is payable immediately once offer is submitted. Please contact the auctioneer for the auction terms & conditions

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Soweto is a lot bigger than one would envision from a map, and also offers a lot more than meets the eye. The general atmosphere is very welcoming and people are very neighbourly, with a strong sense of community. Soweto has come a long way in the last 20 years, with the improved and expanded public transport infrastructure and better roads. There has been an increase and improvement on amenities like the Baragwanath hospital. The education systems have been expanded - such as the new University of Johannesburg Soweto campus. Property values have greatly increased, resulting in the area having great investment potential.

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400 m² Retail Space in Soweto Central

On Auction

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