Erf 3605 & Erf 3606, 88 - 90 Sidwell Avenue, Korsten, Eastern Cape, South Africa
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Auction
- South Africa
- Commercial Building
- Commercial
Invited Opening Bid R3 000 000
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Property Summary
- PROPERTY & LIQUOR STORE BUSINESS
- NEW OWNER TAKES OWNERSHIP WITHOUT ANY DEBT OR OUTSTANDING ACCOUNTS
- High turnover full management accounts availiable
- This sale is Subject to Confirmation by the Executor of Deceased Estate
- Erf 3605 & Erf 3606 Korsten
- Erf extent 972m2
- Combined floor size approximately 950m2
- Rates approximately R3 800 per month
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Property description
Commercial Building - Residential Building & Business:
The property Erf 3605 & 3606 located in 88-90 Sidwell Avenue is used as storage, but there is a small bottle store, the bottle store in Commercial Road known as Savannah Liquors is where the large bottle store is located.
Location
Korsten is situated between Central Business District and the residential areas in the northern locations, residential areas as well as workplaces are located close by.
Additional Details
A 5% deposit and 10% auctioneers fee (plus VAT on fee) is due and payable by the highest bidder once bidding has closed. See Legal tab for Special Conditions.
Please note: All legal documents can be viewed by clicking on the ‘Legals’ tab above, in order for you to carry out due diligence in relation to the property. By doing so, this will also ensure that you are continuously updated regarding any pricing changes on the property prior to auction.
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*Terms & Conditions
No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.
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You're the highest bidder!
As this sale is subject to confirmation, we will be in touch within the confirmation period to let you know if your bid has been accepted by the vendor.
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