Mixed-Use Block- Great Returns-Student Accommodation Possible

OPENING BIDS TO BE ADJUSTED ONE DAY PRIOR TO AUCTION.

ONLINE AUCTION

Bidding Start Time: Wednesday 27 August 2025 @ 09:00

Bidding End Time: Wednesday 28 August 2025 @ 14:30

Registration is essential by Monday 25 August 2025.

Pre-Auction Offers may be considered.  Auction Finance Available.

For more information, please contact the listing agent.

DESCRIPTION:

• 25 x (77 - 81m²) Apartments – can be split further
• Office space
• Commercial large showroom
• Commercial shop
• 5 x Double-garages (10 bays)
• Wash bay
• 10 x Open parking bays
• Mechanical workshop
• Sink hole ground water access
• 5 x Jojo tanks
• Lift

Key Investment Highlights:

• Excellent location along Voortrekker corridor
• Situated on student transport routes
• Fully sectionalised
• 100% Tenanted 
• Ideal for student accommodation conversion
• Close to major Tertiary Institutes
• Commercial office area (potential to be converted into additional units)
• 25 Apartments can be further subdivided into smaller units
• Ground floor commercial area and shop
• Additional ±900m² bulk available
• Gross Floor Area: ±3154m²

Gross Income:  ±R4,467,678 per annum. Great returns for the keen investor or developer.

Pre-Auction Offers excl. Claremart fee will be considered.

DETAILS:

• Sectional scheme name:  SS Senator Sentrum
• Sectional scheme no:  19/1984
• Unit (Extent):  1 (66m²)
• Unit (Extent):  2 (378m²)
• Unit (Extent):  3 (228m²)
• Unit (Extent):  4 (142m²)
• Unit (Extent):  5 (784m²)
• Unit (Extent):  6 (77m²)
• Unit (Extent):  7 (77m²)
• Unit (Extent):  8 (77m²)
• Unit (Extent):  9 (77m²)
• Unit (Extent):  10 (81m²)
• Unit (Extent):  11 (77m²)
• Unit (Extent):  12 (77m²)
• Unit (Extent):  13 (77m²)
• Unit (Extent):  14 (77m²)
• Unit (Extent):  15 (81m²)
• Unit (Extent):  16 (77m²)
• Unit (Extent):  17 (77m²)
• Unit (Extent):  18 (77m²)
• Unit (Extent):  19 (77m²)
• Unit (Extent):  20 (81m²)
• Unit (Extent):  21 (77m²)
• Unit (Extent):  22 (77m²)
• Unit (Extent):  23 (77m²)
• Unit (Extent):  24 (77m²)
• Unit (Extent):  25 (81m²)
• Rates:  ±R11,550.00 per month
• Levies:  TBC
• Zoning:  TBC

Web Ref:  528818

VAT Applicable

PAYMENT TERMS:

2.5% Deposit & 10% Auctioneers Fee (excl. VAT on fee), payable on the fall of the hammer by means of EFT only.  Balance payable on Transfer.

Sanjeev Boyjoonauth | 066 054 2211 | 021 425 8822 | sanjeev@claremart.com

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: info@claremart.co.za