Property Description

HIGHLIGHTS

• Strategically Located
• Exceptional Investment Opportunity
• Two Warehouses On One Premises
• Tenants in both of the warehouses
• Potential For Developing And Or Renovating
• Warehouses Consist Of Offices, Kitchens, And Toilets
• Roller Doors Leading To An Outside Area
• The Outside Area Presents A Lot Of Opportunities
• A Three-Ton Crane Fitted In One Of The Warehouses.

THE STORY

Strategically located within the sought after industrial node of Middelburg, 3 Mega Street presents an exceptional investment opportunity as the premises features 2 warehouses that are currently tenanted with a month to a month lease agreement in place with the current owner.

The warehouses do not only provide an opportunity for investing but also presents the new owner with the choice of redeveloping or renovating. Both warehouses feature three office spaces, a small kitchen unit, and toilets. The larger warehouse on the premises is fitted with a three-ton crane. The warehouses have roller doors at the back that provide access to the outside area that can be used for multiple purposes.

VIEWINGS: Contact Martinus van As (details below) for more information or to arrange a viewing

REGISTRATION FEE: R50 000 (refunded immediately if not winning bid)

BUYERS PREMIUM: 6% ex VAT

NOTE:

• The Opening Bid Is Not The Reserve Price

• The Winning Bidder Will Pay (Immediately Upon Request) A Deposit Of 10% Towards The Transaction And A 10% Buyer Premium Plus VAT By EFT Into The BidStream Trust Account Immediately After The Auction. The Balance Of The Purchase Price Will Be Secured By The Purchaser Within 30 (Thirty) Business Days Of Acceptance Of The Offer.

• Should The Reserve Price Not Be Met, The Highest Bid Will Be Presented To The Seller For Consideration After The Auction.

• Offers Can Be Submitted Prior To Auction Commencement For Consideration. Contact The Listing BidStream Consultant.

• All Viewings & Due Diligence Must Be Completed Before The Auction. Please Contact The BidStream Consultant To Arrange This.

  
  

Please note the following will be required to register to bid:

• Copy Of Bidders ID
• Selfie Photo Of Bidder Holding ID Next To Face
  • ID Details And Face Must Be Recognizable
• Proof Of Address
  • Rates Bill Or Lease Agreement
• Letter Of Authority On Behalf Of A Jurisdic Entity
  • If Applicable
• Signed BidStream Participation Rules
  • Ask Your BidStream Representative For This Or Download Below

DISCLAIMER: No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidStream or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidStream or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidStream or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, or inaccuracy of description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidStream or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidStream or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidStream or the vendor.