New Listing

Mixed Use for auction in Goodwood Central

  1. Web Ref: 1033388

Property Features

ERF Size 1,876 m²
Building Size 1876m²

Property must sell!!! Reserve price reduced from R8.5m to R6.5m

Going on Auction: Wednesday 15 January 2020 at 12 Noon
Reserve Price: R6 500 000.00 (All offers will be reviewed)
(10% Commission plus VAT over and above bid amount)

Consists of 5 commercial units, 51 units for accommodation and 2 semi-detached houses at the back of the buildings. The current lessee is paying R65 000 to the landlord on a month to month.
The estimated income is however R120 000.00
This property needs to be renovated and is Ideal for student accommodation - Near North Link College
The onus is on the new owner to keep the existing tenants & manager OR have them evicted at new owner’s expense.

Rawson Auctions (Southern Region) are obligated by law to market the property at the Reserve Price as listed herein. A "Reserve Price" is a minimum Rand amount the Seller will accept as the winning bid, and is not necessarily the property's market value, nor the amount the property is likely to be sold for on the day of the auction


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