Commercial - Retail for Sale in Glenlilly

Description

ONLINE AUCTION Bidding Start Time: Wednesday 28 May 2025 @ 09:00 Bidding End Time: Thursday 29 May 2025 @ 14:30 Registration is essential by Monday 26 May 2025. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent. DESCRIPTION: This prime GB4 block is situated in the heart of Parow and close to all the colleges in the area and NWC which makes this a prime investment opportunity. Current income ±R98 674.00 pm with a potential of ±R255 000 pm. RETAIL: • 5 Shops • 1 Vacant – (Potential ±R10 000 pm) • Income – ±R41 587.00pm excl vacant shop BACK ENTRANCE: • 8 Studios (fully let) • Income – ±R37 050.00 pm • All units have pre-paid electricity • Communal kitchen with individual lock cupboards • Individual private communal showers • Each person contributes ±R1000.00 pm for gas/water/WiFi SIDE ENTRANCE - Upstairs: • 23 Rooms ( 18 double and 5 single) • 3 Rooms rented out – income – ±R15 500.00pm • Large terraces (foundation strong enough to build rooms for 20 more students) • 2 Kitchens with individual lock cupboards • Male/female toilets • 4 Individual private communal showers • 5 Separate private shower with toilet and basin EXTRAS: • 1 X 1 Bedroom/lounge kitchen apartment for manager • 1 X 1 Bedroom/lounge kitchen apartment for maintenance manager • 170m² Office (can be converted to laundry/lounge or rented out) • Managers office • CCTV Camera room • 9 Secure parking bays 9 (4 covered) • Lots of bulk available for expansion (GB4 Zoning) • Ample off street parking behind the building. DETAILS: • Erf no (Extent): 7471, Parow (1370m²) • Erf no (Extent): 7463, Parow (25m²) • Zoning: General Business 4 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.