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Auction Date: 25/09/2019     Start: 12:30     Commercial Property

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Table View: Duplex Block with Adjacent Vacant Erf. Further Development Potential

Table View: Duplex Block with Adjacent Vacant Erf. Further Development Potential Table View: Duplex Block with Adjacent Vacant Erf. Further Development Potential Table View: Duplex Block with Adjacent Vacant Erf. Further Development Potential Table View: Duplex Block with Adjacent Vacant Erf. Further Development Potential

BLOCK OF 6 LARGE DUPLEXES WITH ADJACENT VACANT ERF IN PRIME LOCATION, FURTHER DEVELOPMENT POTENTIAL

GUIDE PRICE R 5 500 000 TO R 6 200 000

PROPERTY DESCRIPTION:

1st PROPERTY DESCRIPTION - GRASSO COURT (2 GIE ROAD)

Offering 6 large unsectionalized duplexes divided into:

  4x 2 Bedrooms duplexes (90m²) with own backyard with bathroom, guest loo, lounge and fitted kitchen
  2x 3 Bedrooms (110m²) duplexes with own back yard, 2 bathrooms, guest loo, lounge and fitted kitchen
  6x lock-up garages (20m²)
  7 Parking bays (2 more parking bays possible)
  Electric fencing, fibre optic ready
  Property not sectionalised, offering massive potential
  Potential rental - 6 Townhouses: ± R720,000 p.a.
  Potential rental - Vacant site: ± R120,000 p.a.
  Potential rental combined: ± R840,000 p.a.

2ND PROPERTY DESCRIPTION- 287 BLAAUWBERG ROAD

  Adjacent vacant site for further development or rental

DETAILS:

  Erf no & size: 3401, Milnerton (1314m²) (1st property)
  Rates p.a. ± R20,037
  Zoning: General Residential 3
  Erf no & size: 34541, Milnerton (1753m²) (2nd property)
  Zoning status: Open Space 2

Auctioneer Details

Claremart Auction Group Logo
Claremart Auction Group
GRASSO COURT, CNR 2 GIE & SITE 287 BLAAUWBERG ROADS, TABLE VIEW
bonita@claremart.co.za
https://nucoauctioneers.com/auctions/tharisa-minerals-de-fleet-auction-24-october-2019 https://bidx1.com/en/en-za/auction/properties/520?utm_source=za+theauctioneer&utm_medium=cpc&utm_campaign=za_dis_ttt_theauctioneer_websiteli https://www.parkvillageauctions.co.za/catalogue.php?campaign=326