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Lifestyle property with generating income on the main road in Stanford

Multi-purpose property

Opening Bid

3,000,000

Current Highest Bid

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Property Highlights

Recently rezoned to commercial/residential the property has enormous potential and is an investors dream.
Possibilities include restaurant - deli - art gallery - medical centre - garden shop - bric-a-brac - furniture - etc.
Current tenants include architect - estate agency - beautician - clothing shop - art and gifts - books etc.
The property includes two flats - three shops - two offices and a salon.
You could live in a bigger area if you wish or have your own business(plural) and still earn income from rentals.
There are 17 rooms and parking for 10 vehicles.
Because many are interleading one can configure the building to suit ones needs.
Plans drawn up and explored for Sectional Title whereby one can have 2 or 3 separate titles.
Upgrading of the R43 will ensure easier access to Stanford.
Rejuvenation of the town square makes this property even more attractive.

Documents

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Sales Executive Details

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Descriptions

Going on Auction: Wednesday, 05 August 2020 at 12 Noon Bidding options: Phone Bidding by calling The Rawson auction office 079 980 3457 Electronic bidding by email: tanya.auctions@rawson.co.za Online bidding (For selected properties). Please register on www.instantproperty.co.za Please note the property consultant will explain all bidding options to you pre auction. Viewings: By Appointment only Reserve Price: R3 400 000.00 (All offers will be reviewed) Expected opening bid: R3 000 000.00 Contact: Hans Buys 082 964 6852 / Tanya Jovanovski 079 980 3457 Terms: 1) no registration fee to bid 2) Non-refundable 5% deposit of purchase price on fall of the hammer (Payable by the buyer) 3) Non-refundable 10% commission plus VAT over and above purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer) Payment strictly by bank guaranteed cheque or EFT (we regret no cash) Whilst all reasonable care has been taken to obtain the correct information, neither Jovanovski Properties CC T/A Rawson Auctions (“Rawson Auctions”), nor any of its subsidiaries and related companies, nor the Sellers, guarantee the correctness of the information, and none of the aforementioned will be held liable for any direct or indirect damages or loss, of whatsoever nature and howsoever arising, suffered by any person as a result of errors or omissions in the information supplied, whether due to the negligence or otherwise of Rawson Auctions, its subsidiaries and related companies, the Sellers or any other person. The information contained herein is for information purposes only and is not a substitute for a thorough due diligence investigation. Indemnity Rawson Auctions, the staff and the auctioneer indemnify themselves against any claims, damages or being sued because of any litigation between the purchaser and the seller relating to the auction of the property. Rawson Auctions is not liable for any litigation between the purchaser and the seller. Consumer Protection Act regulations stipulate that all bidders be registered and that they bring certified copies of their identity documents and proof of residence.

Disclaimer

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on www.instantproperty.co.za, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.