Commercial Land And Building For Sale In Richmond

AUCT-000827 | On Auction

72 Russell Street, Richmond, KwaZulu Natal


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Commercial Building with ± 4 400 m² of Vacant Land, 72 Russell Street, Richmond

Extent: Erf ± 4 421 m² | GLA: ± 250 m² | Tenancies: Vacant occupation

This prominently positioned Richmond property stretches through from Harding Street to Russell street and is For Sale by Auction. It is located on the edge of the CBD giving it loads of potential to be redeveloped. The site actually consists as three ERVEN, and will be sold as one consolidated lot. The site was previously a thriving timber sawmill with offices in Harding street and yard entrance in Russel street. Most of the shedding was removed after a fire damaged them so the site is mostly vacant. The original office block is a settler property.

This property has huge potential to be redeveloped. Some suggestions are: a hardware store, agricultural supplies business, government offices/ clinic/ workshops, wholesalers, manufacturing enterprise such as furniture, etc.

Richmond is a town situated on the banks of the upper Illovo River in the midlands of KwaZulu-Natal, South Africa, approximately 38 km south-west of Pietermaritzburg. Timber, sugarcane, poultry, citrus fruit and dairy goods are produced here. The town is located within the Richmond Local Municipality, forming part of the Umgungundlovu District Municipality and incorporates the former township of Ndaleni on the opposite bank of the Illovo River

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

Commercial Type:
Commercial Building
Web Reference:
AUCT-000827
List price:
POA
Address:
72 Russell Street, Richmond, KwaZulu Natal
Property Extent:
4421 m2
Auction Venue:
Victoria Country Club
Peter Browne Drive
Pietermaritzburg
KwaZulu Natal
Auction Date:
28 November 2018 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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Auction Date: 28 November 2018 11:00 am

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