Graaff Reinet, Erf 9516, Eastern Cape, South Africa
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Auction
- Lot 6
- South Africa
- Commercial Building
- Commercial
Highest Bid R9 800 000 (STC)
Property Summary
- This sale is Subject to confirmation by the BRP.
- Erf 9516 Graaff Reinet
- Extent: 1.0048 Ha.
- Prime industrial land perfectly located.
- AAA lease with all costs covered.
- The net monthly rental amounts to R255,978.65
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Property description
Large industrial property with high rental income:
- 1,100 sqm of Factory
- 243 sqm are offices, canteen, training centre and ablution
- 48 sqm boiler room
- Concrete platform for the water treatment plant, diesel tank and diesel generator.
- The property is fully fenced with galvanized steel fencing with automated gates and a pedestrian gate.
There is a list of movables that are included in the sale as they form part of the current lease agreement.The list and lease agreement can be found in the legals tab. Should a purchaser be interested to purchase the company with an assesed loss calculated at over R130m, please contact the Auctioneer.
Location
- Located at Scholz Street on a level erf in the Graaff Reinet industrial node.
- Surrounded by industrial properties with the most prominent being Montego Pet Nutrition.
- Well positioned for National Distribution of products.
- The surrounding node comprises of mostly large size properties with industrial buildings.
Additional Details
A 5% deposit and 7% 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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