Commercial Property
Going on Auction: Wednesday 22 May 2024
Reserve Price: R5 000 000.00. (All offers will be reviewed)
Expected opening bid: R4 500 000.00
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
11.58% return when fully let.
Just listed! A commercial opportunity with prime location and high visibility on busy Ottery Road. The property is owner occupied with one longstanding tenant. With the developing MYCITI well on its way, access will be a breeze for any new business. Perfect for offices, consulting rooms, medical suites.
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.
