Erf 9475, 18 Chamberlain Road, East London, Eastern Cape, South Africa
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Auction
- South Africa
- Commercial Building
- Commercial
Invited Opening Bid R3 500 000
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Property Summary
- This sale is Subject to Confirmation by the parties involved
- Erf 9475 Berea
- Erf extent 1015 m2
- Floor size approximately 775m2
- Rates approximately R16 000 per month
- Situated in prime letting area that commands R110/m2
- Zoned 1 Commercial
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Property description
- 6 x Seperate lettable areas
- 6 x Toilets
- 3 x Lower street facing retail spaces
- 1 x Large upstairs storage
- 1 x Upper level spacious vacant open showroom space or multi office open plan
- 3 x Separate office or storage areas
- 1 x Retail or office space on two levels with own toilets and kitchens
- 1 x Prime Street-facing shopfront
- 1 x Courtyard
- 2 x Entrances into building
- 8 Parking Bays in front of building
Location
Chamberlain road is a premium upper retail precinct. The area has high traffic volume and this building is in the heart of this fast growing node. The frontage offers premium visibility and as an investment this property offers a myriad of best use opportunities. Current tenants can pay holding costs or be expanded upon. Rates for prime retail space in this area are at R110 per square meter.
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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