Potential to generate R50000 in monthly rental income
A vacant commercial property, 2 Main Avenue in Upper Kenilworth, will be up for auction in Rawson Auction Western Cape’s multiple property auction at the end of this month.
Given the property’s busy road location, the amenities that surround it and its potential to generate R50000 in monthly rental income, it represents an excellent investment opportunity, says Tanya Jovanovski, franchisee of Rawson Auctions Western Cape.
She says: “Measuring 150m², it is perhaps best suited for a cafe as there are high volumes of passing foot traffic daily, but it could also be used for offices, with a toilet or storeroom downstairs.”
The property will go on auction at noon on March 28. The reserve price is R5.7million, but all offers will be considered. The seller is registered for VAT, so transfer duty will not be payable.
No registration fee is required to bid with Rawson Auctions. Bidders must be registered and must have with them certified copies of their identity documents and proof of residence.
All offers should be submitted on Rawson Auctions’ Offer to Purchase form with its standard terms and conditions. Email firstname.lastname@example.org or call 0218371700.
The auction will take place at the Rawson Property Group’s head office at 222 Main Road, Rondebosch.
For more information or an appointment to view the property, call Josh Raisun on 0788889534 or Tanya Jovanovski on 0218371700.