Retail commercial property with a potential estimated ROI of 18.4%.
Going on Auction: Wednesday 22 May 2024
Reserve Price: P.O.A. (All offers will be reviewed)
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
COMMERCIAL SALE BY VOLUNTARY AUCTION IN A HIGH DEMAND BUSINESS HUB.
A sterling investment opportunity located in the very busy main road of Voorbrug beckons all ambitious investors. This GB1 Commercial building is in very good nick, well secured and offers ample parking. With its convenient location and high visibility, it is very easily accessible by public transport for its well needed services. Current estimated ROI is at 9,6% and a great estimated return of over 18% once fully tenanted. NB: As per current owner, SA Post office is expected to return after recent bail out and vacant auto spares is being advertised for R8 400pm. Potential rental income when fully let R61 400.00 per month.
Rawson Auctions (Southern Region) are obligated by law to market the property at the Reserve Price as listed herein. A Reserve Price is a minimum Rand amount the Seller will accept as the winning bid, and is not necessarily the propertys market value, nor the amount the property is likely to be sold for on the day of the auction. The Seller reserves the right to consider all offers.
