3 054 m² Commercial space in Vasco Estate

Property Summary

Seven Storey Mixed Use Commercial Building - General Business 4 Fully Sectionalised

This sale is Subject to Confirmation by the parties involved.

Seller registered for VAT

Erf 22753 Vasco Estate Goodwood

Erf 1367 m2

GLA approximately 3054 m2

Rates approximately R16830 per month

The Purchaser is required to acquaint themselves with the property and all matters related thereto, including but not limited to its condition, location, and any improvements thereon.

Please ensure that you familiarise yourself with the Conditions of Sale, Rules of Auction, and all other legal documentation available under the Legals tab on our website. By registering and placing a bid, you acknowledge that you have read and understood these documents and agree to be bound by their terms and conditions.

VIEWING BY APPOINTMENT ONLY:

PRIME MIXED USE BUILDING GOING TO MARKET AGAIN 40 YEARS LATER

CURRENT GROSS ANNUAL RENTAL INCOME R5 045 000

RESIDENTIAL COMPONENT:

25 x 2 Bedroomed Apartments with Lounge, Kitchen & Bathroom 77 m2 to 81 m2

100 Occupancy with Waiting List

Prepaid Electricity & Water Meters

Excellent Security

Elevator

COMMERCIAL COMPONENT:

Offices Approximately 330m2 Can be converted back to apartments

Car Dealership Approximately 606 m2

Retail Shop Approximately 142 m2

Workshop Approximately 35 m2

PARKING & ANCILLARY AREAS:

5 x Lock-up Double Garages

1 x Double Carport

11 x Open Parking Bays Accessed from the lower-ground level

ADDITIONAL:

Car Dealership Registered with FSP License Linked to all banks

Wash Bay with Own Water

A borehole Approximately 10 m deep

Build Another Floor or Extend at Back Bulk Factor Allowance an additional 1000 m2 approximately

FINAL:

Building Plans, Zoning Certificate, Rental Roll, Service Provider Agreements & Financials - Available after viewing

Fully Tax Compliant

Vasco Estate is an established, primarily residential neighbourhood located within Goodwood in Cape Town, South Africa. Positioned near major transport routes like Voortrekker Road and Milton Road, it offers a mix of traditional family homes, townhouses, and local commercial properties.

A 10 deposit and 5 auctioneers fee plus VAT on fee is due and payable by the highest bidder once bidding has closed.

Bidder Security R50 000 fully refundable if unsuccessful bidder