3 054 m² Commercial space in Vasco Estate

Details

Online Auction - 8 October 2026 - Invited Opening Bid R20 000 000 Property SummarySeven Storey Mixed Use Commercial Building - General Business 4 Fully SectionalisedThis sale is Subject to Confirmation by the parties involved.Seller registered for VATErf 22753 Vasco Estate GoodwoodErf 1367 m2GLA approximately 3054 m2Rates approximately R16830 per monthThe Purchaser is required to acquaint themselves with the property and all matters related thereto, including but not limited to its condition, location, and any improvements thereon.Please ensure that you familiarise yourself with the Conditions of Sale, Rules of Auction, and all other legal documentation available under the Legals tab on our website. By registering and placing a bid, you acknowledge that you have read and understood these documents and agree to be bound by their terms and conditions.VIEWING BY APPOINTMENT ONLY:PRIME MIXED USE BUILDING GOING TO MARKET AGAIN 25 YEARS LATERCURRENT GROSS ANNUAL RENTAL INCOME R5 045 000RESIDENTIAL COMPONENT:25 x 2 Bedroomed Apartments with Lounge, Kitchen & Bathroom 77 m2 to 81 m2100 Occupancy with Waiting ListPrepaid Electricity & Water MetersExcellent SecurityElevatorCOMMERCIAL COMPONENT:Offices Approximately 330m2 Can be converted back to apartmentsCar Dealership Approximately 606 m2Retail Shop Approximately 142 m2Workshop Approximately 35 m2PARKING & ANCILLARY AREAS:5 x Lock-up Double Garages1 x Double Carport11 x Open Parking Bays Accessed from the lower-ground levelADDITIONAL:Car Dealership Registered with FSP License Linked to all banksWash Bay with Own WaterA borehole Approximately 10 m deepBuild Another Floor or Extend at Back Bulk Factor Allowance an additional 1000 m2 approximatelyFINAL:Building Plans, Zoning Certificate, Rental Roll, Service Provider Agreements & Financials - Available after viewingFully Tax CompliantVasco Estate is an established, primarily residential neighbourhood located within Goodwood in Cape Town, South Africa. Positioned near major transport routes like Voortrekker Road and Milton Road, it offers a mix of traditional family homes, townhouses, and local commercial properties.A 10 deposit and 5 auctioneers fee plus VAT on fee is due and payable by the highest bidder once bidding has closed.Bidder Security R50 000 fully refundable if unsuccessful bidder

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