ON-SITE COMMERCIAL PROPERTY AUCTION – FULLY TENANTED BLOCK OF FLATS WITH RETAIL & LIGHT INDUSTRIAL – HIGH RENTAL INCOME - CAPITAL PARK, PRETORIA

DATE OF AUCTION: Thursday, 20 February 2025

TIME OF AUCTION: 11h00

VIEWING: 9h30 to 11h00 on Day of Auction

ADDRESS: 369 Paul Kruger Street, Capital Park, Pretoria

An auction in association with XpressSale Auctioneers.

The commercial property is located on the A Re Yeng main bus route between Pretoria CBD and the area north of Pretoria.

The property is zoned Business 1 with permitted use including block of flats, funeral parlour, hotel, light industrial, place of public worship, retirement centre and retail.

The current configuration is 10 large residential units, 1 large retail unit and large 3 light industrial units. Current configuration can be altered to increased units significantly.

Detailed rent roll available upon request.

The property is ideally situated between Pretoria CBD, the Tshwane University of Technology, Steve Biko Hospital and the University of Pretoria Medical Campus.

Contact us for a complete bidder pack.

SUMMARY OF AUCTION CONDITIONS:

• Refundable Registration Deposit of R 20 000 (No cash accepted, only EFT).
• Identity document and proof of address required to register as bidder.
• 10% (TEN PERCENT) Buyer’s Commission calculated on the highest bid.
• 13% (THIRTEEN PERCENT) deposit calculated on the highest bid and payable at the “fall of the hammer”.