Erf 94, 17 James Street, Regents Park Estate, Gauteng, South Africa
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Auction
- South Africa
- Commercial Building
- Commercial
Invited Opening Bid R900 000
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Property Summary
- This sale is Subject to Confirmation by the parties involved.
- Seller registered for VAT
- Erf 94 Regents Park Estate
- Erf 495 m²
- Rates approximately R2257 pm
- The Purchaser is required to acquaint themselves with the property and all matters related thereto, including but not limited to its condition, location, and any improvements thereon.
- The Purchaser must further familiarise themselves with the terms and conditions applicable to this Lot by clicking on the Legal tab below.
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Property description
PRIME MIXED-USE BUILDING GOING TO MARKET AGAIN 20 YEARS LATER
CURRENT GROSS ANNUAL RENTAL INCOME R308 267
RESIDENTIAL COMPONENT:
Flat: Caretaker
- 1 x Bedroom
- 1 x Bathroom
- 1 x Kitchen
- 1 x Lounge
COMMERCIAL COMPONENT:
Shop 1 - Supermarket
- 1 x Office
- 1 x Shop
- 1 x Bathroom
Shop 2 – Liquor Store
- 1 x Shop
- 1 x Office
Shop 3 – Upholstery / Pet Food
- 1 x Shop
Shop 4 - Church
- 1 x Room
- 1 x Bathroom
- 1 x Kitchen
Location
Regents Park is an established residential suburb located in the south of Johannesburg, Gauteng.
Additional Details
A 10% deposit and 5% 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 then ensure that you are continuously updated regarding any pricing changes on the property before the auction.
VAT
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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
You will receive an email from our team shortly to outline the next steps.
If you have purchased a property in the UK or Ireland, you'll need to pay the remainder of your deposit via My Account.
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.
If you have any questions in the meantime, we're here to help: