ON-SITE AUCTION: COMMERCIAL PROPERTY, GEORGE
decON-SITE AUCTION: COMMERCIAL PROPERTY, GEORGESOLD!
Event Details
Highest bid fetched on auction is R 1 825 000 plus auctioneer’s commission. Period for higher offers closes on Wed, 1 December at 12 noon. More info: Daniel 083 255 4245 or
Event Details
Highest bid fetched on auction is R 1 825 000 plus auctioneer’s commission.
Period for higher offers closes on Wed, 1 December at 12 noon.
More info: Daniel 083 255 4245 or Wiidke 0833 777 390
ON-SITE PUBLIC AUCTION
Centrally located commercial property with 2 tenants, George
Auction date: Friday, 26 November 2021
Time: 11:00
Venue: On-site, 44 Albert Street, George
Superbly located commercial property in Albert Street. Income generating with 2 established tenants.
Property description
• Erf 17156 George
• Extent: 749m²
• Address: 44 Albert Street
Please click on the following link to view the updated Auction Information Brochure AUCTION BROCHURE
Tenants
1) Reroute 62 Sports Bar & Grill
2) Sparkle & Shine Car Wash
| Tenant | Rent pm (as per current lease) |
| Reroute 62 Sports Bar & Grill | ± R 8 700 (01/05/2021 – 30/04/2022)
± R 9 300 (01/05/2022 – 30/04/2023) |
| Sparkle & Shine Car Wash | ± R 6300* (01/05/2021 – 30/04/2022)
± R 6800* (01/05/2022 – 30/04/2023) *Excluding water usage pm |
| Total | ± R 15 000 pm |
Improvements
• Brick and mortar building measures in total ±192m²
• 3 sets of canopies
• Paved yard space
“Reroute 62 Sports Bar & Grill” building consists of:
• front/enclosed stoep
• bar and dining areas
• pool room
• kitchen
• ablutions
• Separate electricity meter
“Sparkle & Shine Carwash” section of the building and premises consist of:
• 3 Canopies
• Paved open space between carports
• Office
• Kitchen
• Courtyard
• Ablutions
• 10 000ℓ water tank
*2 wendy houses not included as a fixture (belongs to tenant)
Zoning | Use
Business Zone 1
Access & Parking
Two access points service this stand – one from Albert Street and one from the adjacent stand (the Engen garage).
5 off-street parking bays.
Liquor License
The property has a registered Liquor License issued by the Liquor Board of the Western Cape
Heritage Status
The main building has Heritage Status.
Municipal information
Municipal Valuation: tbc
Rates & Taxes: tbc
Summary of Auction Conditions of Sale
• 10% deposit & 5.75% commission (VAT incl.) payable on day of auction
• There will be a period for higher offers after the auction, which will close on 1 December 2021 at 12:00 noon. The sale shall be subject to confirmation by the Seller by 3 December 2021; however the Seller may accept or decline the offer before 3 December 2021.
• Balance purchase price payable against registration of transfer
• OCCUPATION on registration of transfer
• Transfer Duty payable on purchase price
• Property sold VOETSTOOTS
Time
Month Long Event (December)(GMT+00:00)