Suggested Opening Bid: R1 650 000
Exclusive auction mandate!
This versatile commercial property offers a fantastic investment opportunity with impressive rental potential. Boasting 17 spacious rooms/office spaces, the property is currently utilised as student accommodation but was previously operated as a warehouse, making it ideal for a range of business or accommodation purposes.
Facilities include 4 bathrooms and 4 showers, ensuring convenience for multiple occupants. Additional features include 4 garages, 3-phase power, and a water tank, supporting both operational and residential needs. The property is zoned commercial, offering flexibility for various uses.
With a potential rental income of approximately R21,000 per month, this property presents a solid return on investment.
Key Features:
17 rooms/office spaces
4 bathrooms and 4 showers
4 garages
3-phase power
Water tank
Zoned commercial
Potential rental income: ± R21,000/month
A rare find for investors or business owners seeking a multi-purpose property with strong earning potential.
All offers are encouraged. Submit an offer to stop the auction - loan or cash. Easy process to register to bid at auction. Auction via Online Bidding on our Website. Viewings can be arranged.
The Seller has chosen to make use of our nationally proven Non-Distressed Auction Platform For Serious Sellers.
Full Finance Options Available
Offers Accepted prior to Auction Day
All property reports available on request
The seller has a Non-Disclosed Reserve Price
Seller to arrange compliance certificates and rates clearance certificate for buyer
Auctioneers fee is payable over and above the purchase price. Subject to confirmation.