Invited Opening Bid R25 000 000

Bidder Security R50k fully refundable if unsuccessful

PROPERTY SUMMARY :

* The sale is Subject to Confirmation by the parties involved

* Seller registered for VAT

* General Business 4

* Erf 22753 Vasco Estate Goodwood

* Erf 1367m2

* Rates approx R16830 per month

* The Purchaser is required to acquaint themselves with the property and all matters related thereto, including but not limited to it's 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.

PROPERTY DESCRIPTION :

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 neighborhood 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

Please refer to Legal Documents

Lorraine Love

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