253 m² Commercial space in Birkenhead

Live Auction. Bidding to start from R3,500,000

Prime Commercial Investment Opportunity in the Heart of Gansbaai

An exceptional opportunity to acquire a highly desirable commercial property located in the bustling centre of Gansbaai. This well-positioned property boasts a strong tenant profile, with OK Liquors as one of the anchor tenants, ensuring a stable and secure rental income stream. In addition, separate residential flats located at the rear of the premises further enhance the property''s income-generating potential.

Situated adjacent to the main OK Foods Store, the synergy between the two businesses creates a unique and high-traffic commercial hub, increasing footfall and overall visibility. The building, while dated, remains fully functional and appealing, offering both character and versatility for future enhancements.

Operating expenses for the landlord are notably low, resulting in an impressive return on investment ROI. The security of a long-term anchor tenant in such a prime location is rarely available on the market, and it underpins the long-term financial viability of this property. Currently the net income of the premises exceeds R48 000 per month.

The owner resides in Cape Town and has decided to concentrate his efforts on his other business interests in the Cape Town area.

Whether you''re a seasoned investor or seeking a solid entry into commercial property, this asset offers a rare blend of stability, location, and future potential. Dont miss out on securing this sound investment opportunity in one of Gansbaais most established commercial zones.

Offers Prior to Auction: The Seller invites all offerscash or bond-subjectprior to the auction date. If an offer is accepted, the property may be secured via private treaty, and the auction will be cancelled.

Auction Registration: To bid on the day, please click the Enquiry button or contact the agent to receive your Bidder Registration Pack, which includes the Rules of Auction and the Mandatory Disclosure Form.

The Event: This is a non-distressed luxury auction conducted via Teams. Registered bidders will receive their unique access link and credentials in the week leading up to the event.

Auction Terms:

No Buyers Commission: 0 commission is payable by the purchaser on the auction day.

Opening Bid: R3,500,000

Reserve Price: The sale is subject to a non-disclosed reserve price. The Auctioneer and Seller reserve the right to bid up to the reserve price CPA Section 45.

Compliance: The highest bid is subject to a 2-business-day confirmation period by the Seller.

Reports: All property reports and disclosures are available upon request prior to the event.

Mandatory Statutory Disclosures:

Registered with the PPRA.

Harcourts South Africa holds a Business Fidelity Fund Certificate.

Stephanus Vivier holds an Individual Fidelity Fund Certificate.

This firm does not operate a Trust Account.

The Rules of Auction are available for inspection at our offices or via digital request at least 24 hours prior to the auction.