Mixed Use Property

Mixed Use Property

AUCT-000565 | SOLD

12 Rosslyn Road, Amanzimtoti, KwaZulu Natal


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Mixed Use Property, 12 Rosslyn Road, Amanzimtoti

OPENING BID: R1 900 000

GLA: ± 1 600 m² | Very well maintained property | Currently a 25 year established owner business | Urgent sale as owner needs to focus on a new venture in 2018 | Incredible investment or end-user opportunity

Viewing: Tuesday 28 November between 14h00 and 15h00.

Investment Stats to consider:

At a Gross Purchase Price of R2.6m an investor would need a mere R24/m² to achieve an investment Yield of 12%.

A rental of R40/m² will achieve a Yield of 23%

The property is located within Amanzimtoti which is a large and well established southern town on the fringe of the Durban Metropole. The property is prominently positioned along Rosslyn Road with easy access to main roads and freeways.

This very well established motor business which spans 25 years of trade with a significant support base from a large catchment base. The property is extremely well kept and boasts various retail and workshop areas. The GLA is approximately 1 600 m² over two levels.

The ground floor retail sections enjoy direct access off Rosslyn Road whereas the workshop/warehouse is access via a vehicular ramp. here are ample administrative space with some demarcated offices, ablution facilities and a fitted kitchen.

IMPORTANT NOTE:
The owner has decided to sell the property as he needs to focus on a new business venture in 2018. This new venture requires his attention from January which is the motivation for the urgent sale.

Viewing: Tuesday 28 November from 14h00 to 15h00

To participate in this physical auction each bidder has to follow the registration procedures.

Commercial Type:
Commercial Building
Web Reference:
AUCT-000565
List price:
Price undisclosed
Address:
12 Rosslyn Road, Amanzimtoti, KwaZulu Natal
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
05 December 2017 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by bank guaranteed cheque. No cash. ID Document is required.
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