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

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.

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.