Solid Return-Great Investment-Long Term Tenant

OPENING BIDS TO BE ADJUSTED ONE DAY PRIOR TO AUCTION.

ONLINE AUCTION

Bidding Start Time: Tuesday 30 September 2025 @ 09:00

Bidding End Time: Wednesday 01 October 2025 @ 14:30

Registration is essential by Monday 29 September 2025.

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

For more information, please contact the listing agent.

DESCRIPTION:

• Well-positioned commercial building in a sought-after part of Maitland
• Offering two floors of around ±775m² of GLA
• With a 3-year lease
• Tenant has occupied building for a very long time
• Current rental at ±R514,512 per annum at 6% escalation
• Great investment opportunity to grow your property portfolio

PRE-AUCTION OFFERS excl. Claremart fee will be considered.

DETAILS:

• Erf no:  22925, Cape Town
• Erf size:  397m²
• Rates:  ±R3,349.00 per month
• Zoning:  Mixed Use 2

Web Ref:  754704

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