Commercial - Mixed Use for auction in Cape Town City Centre

R12,000,000
  1. Web Ref: 975917

Property Features

ERF Size 462 m²
Building Size 456m²

Going on Auction 30 January 2019 at 12 Noon

Going on Auction 30 January 2019 at 12 Noon
Reserve Price: R12 000 000.00 (All offers will be reviewed)
(10% Commission plus VAT over and above bid amount)

Currently vacant double storey commercial building in Castle Street, CBD. Ample common parking area. Potential rental income R120 000.00 per month.
Heritage building – New owners needs to comply with heritage ruling if any renovations are done, should the building be developed.

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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