Close xWelcome to GoIndustry DoveBid. Click here to register and continue >>

Live Auction of Real Estate in Goodwood- South Africa #59

Live Auction, Started: 16 Sep 2014 3:00 AM PST

This event is now closed.
See event calendar for details of other current events that may interest you or subscribe to alerts so we can inform you about similar events in the future.
Looking for an asset?
Check availability and buy via auction or private treaty
Want to sell an asset?
Unlock the value of your surplus assets and improve cashflow
Need to value an asset?
Find out how much it could sell for in the marketplace
By order of the owner
Live auction of fully let double storey mixed-use property on Voortrekker Road, Goodwood with extent of 451m²
Perfect investor’s opportunity in Goodwood

General description

This ideally located mixed-use property is an investor’s diamond. The property boasts two storeys both FULLY LET with long-term tenants. The ground floor comprises a vehicle servicing workshop which also enjoys a kitchenette and yard at the rear. The tenant has let this part of the property until September 2015 with a 3 year renewal option. The upper storey comprises a bar and entertainment lounge which boasts small staff offices, ablution facilities and is fully compliant with the City of Cape Town’s fire hazard requirements. The tenant has secured this part of the property on a 10 year lease which expires in July 2021 with a 3 year renewal option. At the date of the auction, the Projected Gross Annual Income for the whole property will be in excess of R461,514.64. Overall, this property presents an excellent cash flow opportunity for the discerning investor.


In addition, the property enjoys excellent exposure on Cape Town’s prominent retail / commercial corridor – the R102 Voortrekker Road. The property is also within excellent proximity to all necessary amenities including all major banking institutions, neighbourhood retail centres, hotel and lodging facilities, as well as numerous public transport nodes. This location enjoys a hefty volume of vehicular and foot traffic passing through on a daily basis.

For locality of the property, click here

Executive Summary
  • Erf 7121, Goodwood
  • 161 Voortrekker Road, Goodwood
  • Extent measuring: ± 451 m²
  • Zoning: General Business 4

  • Auction notes:
    14% VAT is applicable to the Buyer's Premium and the purchase price
    Notice to purchasers:
    Buyers premium: 10%   Deposit of 10% and Buyer's Premium of 10% plus VAT immediately after the sale, balance of the purchase price on registration of transfer
    VAT/Tax: 14%
    Inspection details: Viewing dates: 26 August, 02 & 09 September from 12:00 pm - 14:00 pm ZA
    Payment type: Wire Transfer
    Additional notes: This auction is governed by the Consumer Protection Act – Act 68 of 2008 (South Africa), and further reference to the Act and the regulations can be downloaded here.
    Consumer Protection Act 68 of 2008 click here
    Consumer Protection Act 68 of 2008 - Regulations click here
    The Bidders attention is drawn to the following:
    • The Rules of Auction can be found under the downloadable documents tab
    • The property will be sold “Voetstoots” and on “AS IS – WHERE IS” condition. It is the buyer’s responsibility to perform an inspection of the property prior to the auction.
    • The Sale of the Property is non-suspensive and not subject to any feasibility or any other condition required by the buyer.
    The Sale by auction is subject to
    • A reserve or upset price
    • All prospective bidders must register prior to the auction and such registration requires proof of identity and residence (FICA) as contemplated in regulation 26;
    • R10 000 refundable deposit may be payable by a bank guaranteed cheque or Electronic Fund Transfer (EFT). Kindly provide proof of deposit.
    • The auctioneer may bid for any lot or lots offered for sale at the Auction on behalf of third parties
    • The Auctioneer may bid for any lot or lots offered for sale at the Auction on behalf of seller but, if on behalf of the seller, not at or in excess of the reserve price
    If you would like to follow Goindustry Dovebid SA, add us to your Google+
    Currency: South Africa Rand
    Auctioneer: GoIndustry DoveBid S.A. (Pty) Ltd.
    Subscribe to alerts
    Event Closed
    View lot catalogue
    Downloadable Documents
    Related Sales
    No related event available
    Event Information
    Location: 161 Voortrekker Road, Goodwood
    Started: 16 Sep 2014 3:00 AM PST

    Contact Details
    Contact: Kim Faclier
    Telephone: +27 21 702 3206
    Change to English Change to English Changer en français Wechseln Sie zu Deutsch Cambia in italiano Cambiar a Español เปลี่ยนเป็นภาษาไทย 切換到中文 日本語に変更 한국어 변경
    FooterLiquidity ServicesLiquidation.comLGov DealsLNetwork InternationalLGovernment LiquidationLTruck