418 m² Commercial space in Elsies River Industrial

Details

Opening Offers and bids from R3 600 000.00 negotiatedGoing on Auction: Wednesday 30 September 2026Reserve Price: P.O.A. All offers will be reviewedNon-refundable 10 commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer Payable by the buyerHigh-exposure commercial property ideal for investors or owner-users.This secure commercial property offers a versatile layout ideal for business operations, investment, or mixed-use occupancy. Downstairs features a workshop, storeroom, and office space, while upstairs includes a wooden staircase leading to three additional storerooms, a kitchenette, and two toilets. The property is equipped with excellent security features including an alarm system, CCTV with 12 cameras, galvanized palisade fencing, barbed wire, burglar bars, and controlled-access security gates. Additional value is added through seven air-conditioning units and eight demarcated street parking bays in front of the building. With the property vacant on transfer and an estimated rental income of R25 500 per month, this investment presents strong income-generating potential with an estimated ROI of 7.3.Rawson Auctions Southern Region are obligated by law to market the property at the Reserve Price as listed herein. A Reserve Price is a minimum Rand amount the Seller will accept as the winning bid, and is not necessarily the propertys market value, nor the amount the property is likely to be sold for on the day of the auction. The Seller reserves the right to consider all offers

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