Corner of Main and Egglestone Road, Wynberg, Western Cape, South Africa
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Auction
- Lot 15
- South Africa
- Commercial Building
- Commercial
Invited Opening Bid R2 000 000
Property Summary
- This sale is Subject to Confirmation by the parties involved
- Erf 66917 and 66918 Wynberg
- Total extent 263m2
- Rates approximately R3685 per month
- Current rental income of R456 000 per annum
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Property description
- Entire free standing commercial building
- 3 ground floor shops and first floor space
- Residential property at the back of the property
- All leases on a month to month agreement at present
- Tenants include a Salon, Pie shop, a taylor and a church
Location
This property is located in the Main Road of Wynberg upper with fantastic exposure and lot of passing traffic
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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You're the highest bidder
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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: