The upcoming auction of a ground floor office complex in a well-established complex close to the Royal Cape Golf Course in Wynberg, will offer investors an opportunity to acquire premises at a bargain price, with no reserve, in an area where the demand for rental offices is good.
Auctioneer Dan van Zyl says he anticipates the office on offer - Unit 2 in the 220 Ottery Road complex in Torrence Road, Royal Cape, Wynberg - will also draw attention from business owners who want to buy rather than rent premises.
The double-volume office, which measures 210m², includes:
* A reception area.
* Five offices.
* A staff area.
* A passage.
* A kitchen.
* A large conference room.
* Communal ablution facilities. There are also two allocated parking bays.
The property on offer in Wynberg includes two allocated parking bays, and is also close to public transport routes.
The complex is well-maintained and well-positioned in an established middle-income suburb that borders Wynberg, Ottery and Wetton, and is fairly close to all amenities, Van Zyl says.
It also offers easy access to transport facilities, being near Wittebome station and the main taxi route.
The auction will take place on site at 11am on May 21 at Unit 2 in the 220 Ottery Road complex at 1 Torrence Road, Cape Royal, Wynberg.
Viewing is from 10am on the day of the auction.
No registration fee will be required to bid. However, prospective bidders will have to provide a copy of their identity document and proof of residential address to register.
A 10% deposit plus the auctioneer’s commission will be payable on the fall of the hammer.
While there is no reserve price, the sale will be subject to confirmation by the seller.
Van Zyl says the purchaser will not be responsible for any arrears levies or taxes.
The property is currently vacant and early occupation could be arranged, he says.
For more details, call Dan va Zul on 0824583867 or email [email protected]