455 m2 Commercial Building in Newcastle going on auction!
**Prime Commercial Property Auction in Central Newcastle, KZN!**
Attention Investors! Don’t miss this exceptional opportunity to acquire a lucrative commercial property in the heart of Newcastle, KwaZulu Natal. This property will be auctioned on **26 September 2024**, with an opening bid of **R2,000,000**.
This versatile building features three dwellings, two of which are interconnected, offering extensive office space with dedicated restroom facilities for each area. The property also includes ample rear parking, providing secure and convenient access for employees and clients. Additionally, the expansive yard space presents potential for future development.
This property is ideal for a medical facility, offering comprehensive patient care in a single, accessible location. Alternatively, it would be an excellent business office park, strategically located along one of Newcastle's primary business and transport routes.
**Key Property Features:**
**First Dwelling:** - Spacious Reception Area - 6 Offices (including one with access to an outdoor built-in braai and an indoor entertainment area) - Kitchen - 2 Restrooms (one for each gender)
**Second Dwelling:** - Large Reception / Open Plan Office Space - 5 Offices - 2 Restrooms (one for each gender)
**Third Dwelling:** - Interconnecting Corridor - Reception Area - 4 Offices - Storage/Document Room - 2 Restrooms (one for each gender)
The property is equipped with air conditioning in most offices and includes a reliable alarm system. With a potential monthly rental income of approximately **R36,000**, this property promises a strong return on investment.
**Auction Details:** - **Date:** 26 September 2024 - **Opening Bid:** R2,000,000 - **Registration:** Required with ID proof - **Bidding:** In South African Rand, with the highest bidder committing to purchase - **Online Bidding:** Available with streaming - **Property Status:** Vacant possession on registration - **Finance Options:** Full finance options available - **Offers:** Encouraged before auction day - **Seller:** VAT vendor with a non-disclosed reserve price
**Why Choose This Auction?** - No Buyer’s Commission - Easy registration process for bidding - Property reports and plans available on request - Property sold subject to confirmation by the seller - Compliant with the Consumer Protection Act
Regular show houses will be held, and all auction information is available on request. The seller is utilising our internationally proven Luxury Non-Distressed Auction Platform, ideal for serious sellers.
Don’t miss out on this fantastic opportunity to invest in Newcastle's prime commercial property market!
Newcastle is in the northwest corner of KZN along the Ncandu River and set at the northern foothills of the Drakensberg Mountains. It is one of the countries busiest industrial centres and for this reason has earned the nickname "the City of Opportunities"
The N11 and R34 are the 2 main roads linking Newcastle to the rest of South Africa. The driving time from Newcastle to Durban is 4 hours and 3 hours from...
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Market value
AUCTION
Offers from
R2,000,000
Offers for this listing must be made in R50,000 increments. More Info
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
