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Income-generating mixed-use property on offer

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Property could generate about R30 000 a month

A Wynberg mixed-use property comprising a lettable four-bedroomed house and three adjoining shops that are currently tenanted will
go on auction on January 24, providing an investment opportunity. 

The property could generate about R30 000 a
month, according to Tanya Jovanovski, franchisee of Rawson Auctions Western Cape. In addition to four bedrooms, the house has two
bathrooms, a lounge, dining room, and a kitchen with builtin cupboards, an oven and a hob. 
There is a small garden and a single garage. Jovanovski estimates the house, which will be vacant on transfer, could bring in about R8000 a month in rental income. The first shop is currently rented by a shoemaker whose lease expires at the end of March. 
“This shop spans about 12m² of the total 688m² erf. The potential rental income is R3 000 a month.” The second shop, which
measures 243m², is occupied by an upholstery business. “There is currently no lease, but this shop could potentially bring in R18 000 in
monthly rental income,” says Jovanovski. 
The third shop is rented by a general dealer who does not
have a lease. “The 143m² café could potentially attract R8 000 monthly,” says Jovanovski. 
The auction will take place at noon on January 24. The reserve price is available on application, but all offers will be considered. No registration fee is required to bid with Rawson Auctions. However, the buyer will be expected to pay a deposit of 5% of the purchase price, as well as 10% commission plus VAT over and above the purchase price to Rawson Auctions on the seller’s acceptance of the bid. Bidders are required to 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. A copy can be obtained by contacting the Rawson Auctions Western Cape office on info@rawsonauctions.com or 0218371700. Bids can be delivered to the Rawson Property Group’s head office at 222 Main Road, Rondebosch. For more details or an appointment to view the property, call Ashraf Antooley on 0744697326 or Tanya Jovanovski on 0218371700.

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