Commercial - Retail on Auction in Grassy Park

Description

Opening Bid: R2,800,000 LIVE & ONLINE AUCTION Auction Time & Date: Thursday 17 September 2026 @ 12:00 Registration: Online & On-site at the Auction Venue. Venue: The DHL Stadium, Business Lounge G, Fritz Sonnenberg Road, Green Point, Cape Town. Registration at the venue will be open from 10:30. Online Registrations will close on Wednesday 16th September 2026 at 17:00. THE PROPERTY CONSISTS OF: Commercial • 4 Tenants (1 unit vacant) • 4 Retail units ( Grocery store, butcher, barber and vacant unit) • 1 Car wash component Residential - 8 Flatlets • High-volume passing traffic • Ample parking space. • Ideal to include an anchor tenant. Loading bays available at the back of the building. • Investment Highlights: • High-visibility location • Diverse income stream from both retail and residential components • Strong rental upside and potential to increase income. • Excellent opportunity for investors seeking an income-producing asset. Gross income: • Commercial Component: ±R 31 300 • Residential Component: ±R 29 800 • Total: ±R 61 100 • Utilities: Approximately ±R 7351 DETAILS: • Erf no: 10360, Grassy Park • Erf size: 1954m² • Zoning: General Business 1 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. ONLINE 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 R50,000 Refundable Registration Fee for Online Registration Registration fee payable via EFT only, no card payments allowed. ON-SITE 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 R25,000 Refundable Registration Fee for On-site Registration. Registration fee payable via EFT only, no card payments allowed. FICA REQUIREMENTS: All relevant documentation will be required for registering on behalf of a person/entity as follows: PERSON: • Copy of your ID • Proof of residence - not older than 3 months COMPANY: • Company Registration documents • Resolution signed by all Shareholders authorising Bidder • Copy of all Shareholders/Directors ID • Proof of Company Address - not older than 3 months • Company Tax Clearance Certificate TRUST: • Trust Registration documents • Resolutions signed by all Trustees authorising Bidder • Copy of all Trustee's ID's • Proof of Trust Address - not older than 3 months • Trust Tax Clearance Certificate All relevant documentation will be required for registering on behalf of a Non-Profit Organisation as follows: • Valid certificate of registration as a non-profit organisation/welfare organisation (NPO Certificate) • Section 21 company registration documents • Resolution signed by all directors/office bearers authorising Bidder • Copy of director's/office bearers’ ID's • Proof of organisation's address - not older than 3 months • Organisation's Tax Clearance Certificate/Public Benefit Organisation Certificate (PBO Certificate) 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.