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Details

Once in a lifetime commercial investment opportunity located in Willowvale E.C

This valuable strategic located block of buildings previously tenanted by the Spar, Tops & Build-it is coming up for public auction on the 02 June 2022 Online. The buildings consist of approximately 1500 sqm of well appointed retail space and about 1200sqm of store rooms, x2 houses and the old hotel.
The property is currently vacant except for the two houses which are tenanted. VAT is applicable to this sale and may be zero rated due to the valid lease being in place.
Estimated monthly gross rental +-R200 000 pm. The auctioneer is fielding tenant enquiries daily from prospective leases.
Declared reserve for this property R10 000 000.

ONLINE TIMED AUCTION

Ending:  2 June 2022 at 2 pm

SPECIAL CONDITIONS:
1. Seller is a registered VAT Vendor, therefore VAT is applicable to the sale

2. This sale is subject to the approval of the Master of the High Court (Section 42 clause 2)