Commercial - Retail on Auction in Ficksburg

Description

ONLINE AUCTION Bidding Start Time: Wednesday 27 August 2025 @ 09:00 Bidding End Time: Thursday 28 August 2025 @ 14:30 Registration is essential by Monday 25 August 2025. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent. DESCRIPTION: A portfolio of commercial & retail located in close proximity of each other on the main road in the CBD of Ficksburg. Unique to acquire 3 buildings with National Anchor Tenants- Including Lewis Store,Sheet Street, Foshini & Miladys and other great long-term tenants. Massive 3539m² of GLA-Spread over 14 shops of which 8 are tenanted. This is an Opportunity not to be missed with over 12% returns. The current income is ±R109,615 per month or just over ±R1,315,398 per annum excl VAT. Balance of small shops if fully tenanted could generate an extra ±R450,000 more per annum. Great solid investment, back by strong leases for the keen investor looking to add to these prime properties to their portfolios. Electricity prepaid for each unit & all 3 properties are well maintained & managed. Pre-Auction offer highly recommended. DETAILS: • Erf no (Extent): 90, Ficksburg (679m²) • Erf no (Extent): 44 (Portion 1), Ficksburg (1257m²) • Erf no (Extent): 46 (Portion 1), Ficksburg (1603m²) 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.