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Prime Site With 2 Income Generating Buildings
updated on Oct 13, 2021
R 4 500 000

WEB REF: 531005

  • Price POA
  • LocationCape Town, Grassy Park
  • Property TypeCommercial - Block of Flats
  • Erf Size1366 m2
  • Rates & Taxes R 3066.21

Bidding opens at R4,500,000 ONLINE AUCTION Bidding Start Time: Wednesday 27 October 2021 @ 9:00AM Bidding End Time: Thursday 28 October 2021 @ 2:30PM Registration is essential by Tuesday 26 October. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent. Description: Located in a high exposure area, this prime property offers investors a first-time opportunity for a sought-after site. There are two income generating buildings on-site with a total erf size of 1366 sqm and GB1 zoning in place. Definitely put in your best offers, as sellers are serious and will consider! Block of flats: There are 4 residential apartments, each are 2-bedroom, 1-bathroom units that are self-containing. Built-in cupboards fitted, aluminium windows and mixed vinyl flooring & laminated floors with tiles as well. Each unit is pre-paid electricity and has security gates for lock up and go entry. The lounges are open-plan to the kitchen which consists of built-in oven, plenty of storage and sink. The bathroom has shower, toilet, basin and additional plumbing provision for washing machine. The tenancy mix are an estate agency and private residential tenants. Each unit is estimated at 68sqm under roof. DSTV and Wi-Fi capability. Conference hall: This free-standing building is currently tenanted and operated as an established wedding venue by a long-standing tenant (5 years). This building accommodates a coffee bar, back kitchen and office, in addition to the bathrooms (male, female, and disabled). The building has convertable potential into apartments, retail, restaurant, community hall, offices or storage to name a few. There are plans available for possible extension for a 2nd floor level as there are high ceilings with lots of natural light present. Audio and lighting rigs set up, CCTV set up, Wi-Fi ready. Additional information: • Secured parking space available for up to 30 vehicles with additional off-street parking • Additional bulk factors available • Opportunity to sectionalise apartment block OR subdivision potential for at least 2 erven • 2 access roads from front and back of property • Storeroom available with capacity for more storage • Onsite security booth Within close distance of recreational parks, primary schools, religious places of worship, clinics, shopping centres and retail stores, and all main transport routes. Contact Zaneeq and Sachin! View by appointment. Details: • Erf no: 6579 • Erf size: 1366m² Payment Terms: 2.5% Deposit & 10% Auctioneers fee (excl. VAT on fee); Payable on the fall of the hammer by means of EFT only. Balance payable on transfer. Registration Requirements: To bid at the auction you need to provide a copy of your identity document and current proof of residence (not older than 3 months) as well as a R20,000 refundable registration fee. Disclaimer: The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Auctioneers. Bidders must conduct their own investigations prior to bidding.

Additional Features
      Property Address

      297 Klip Road Grassy Park Cape Town

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