240 Voortrekker Road, Goodwood, Western Cape, South Africa
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Auction
- South Africa
- Mixed Use
- Commercial
Invited Opening Bid R25 000 000
Book Viewing
Property Summary
- This sale is Subject to Confirmation by the parties involved.
- Seller registered for VAT
- General Business 4
- Erf 22753 Vasco Estate Goodwood
- Erf 1367 m²
- GLA approximately 3054 m²
- Rates approximately R16830 per month
- 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.
- Please ensure that you familiarise yourself with the Conditions of Sale, Rules of Auction, and all other legal documentation available under the "Legals" tab below. By registering and placing a bid, you acknowledge that you have read and understood these documents and agree to be bound by their terms and conditions.
VIEWING BY APPOINTMENT ONLY:
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Property description
PRIME MIXED USE BUILDING GOING TO MARKET AGAIN 40 YEARS LATER
CURRENT GROSS ANNUAL RENTAL INCOME R5 045 000
RESIDENTIAL COMPONENT:
- 25 x 2 Bedroomed Apartments with Lounge, Kitchen & Bathroom (77 m² to 81 m²)
- 100% Occupancy with Waiting List
- Prepaid Electricity & Water Meters
- Excellent Security
- Elevator
COMMERCIAL COMPONENT:
- Offices Approximately 330m² (Can be converted back to apartments)
- Car Dealership Approximately 606 m²
- Retail Shop Approximately 142 m²
- Workshop Approximately 35 m²
PARKING & ANCILLARY AREAS:
- 5 x Lock-up Double Garages
- 1 x Double Carport
- 11 x Open Parking Bays (Accessed from the lower-ground level)
ADDITIONAL:
- Car Dealership Registered with FSP License (Linked to all banks)
- Wash Bay with Own Water
- A borehole (Approximately 10 m deep)
- Build Another Floor or Extend at Back (Bulk Factor Allowance an additional 1000 m² approximately)
FINAL:
Building Plans, Zoning Certificate, Rental Roll, Service Provider Agreements & Financials - Available after viewing
Fully Tax Compliant
Location
Vasco Estate is an established, primarily residential neighbourhood located within Goodwood in Cape Town, South Africa. Positioned near major transport routes like Voortrekker Road and Milton Road, it offers a mix of traditional family homes, townhouses, and local commercial properties.
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 ensure that you are continuously updated regarding any pricing changes on the property prior to 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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