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PROPERTY AUCTION - 202 CIRCULAR DRIVE, LORRAINE, PE.
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Description

COMMERCIAL PROPERTY AUCTION – 3580 SQM OF ULTIMATE POSITION, ZONED BUS 1, DEVELOP IT!

AUCTION ONE

The Property Auctioneering CO.

We Will Offer For Sale By Public Auction The Property Situated At:

202 CIRCULAR DRIVE, LORRAINE, PORT ELIZABETH.

Date: 26 August 2021.

Time: 11:00 AM.

Venue: On Site.

Viewing: One Hour Before Auction.

ID & proof of residence required for registration.

AUCTIONEERS NOTE – THIS PROPERTY HAS THE POTENTIAL TO BE A VERY SERIOUS WINNER IN THE HANDS OF A COMPETENT PROPERTY INVESTOR!

Situated within a sought-after position on Circular Drive with outstanding road frontage, high visibility and a massive amount of passing traffic/trade. Originally 3 erven which are now consolidated into one, with an Erf size of 3580 SQM and zoned Bus 1. Three entrances currently (Circular Drive & Stephanie Place). In my humble opinion, I would think the real value lies in the Position, Zoning and Erf size. Will you consider redeveloping the property and thereafter building to spec for your next National tenant? Uploaded documents to our website for your attention include: Municipal bill, SG plan, letter of amendment to the Zoning and approved site plan x 3. Current improvements include, Building 1: On Circular drive utilised for commercial use, converted house +-401 SQM for office/retail use with reception and a separate outbuilding with two en-suite guest rooms. Building 2: Freestanding double-storey (1st floor is a mezzanine/loft), 2-bedroom house with 2 single guest units and garage. Building 3: House converted to 5 x en-suite guest units + pool and adjoining workshop. The property further features two boreholes. MY MANDATE READS – The highest bid is subject to confirmation by the seller. There is no fixed reserve price. My sellers are flexible and ready to let go if a fair offer is received. AS an ASTUTE property investor you have the ability and tools available to work out a justifiable and fair price! NOW LETS PROPERTY TRADE! LOOKING FORWARD TO YOUR INTEREST! Sincerely Justin Rohtbart.

R 1

PROPERTY AUCTION - 202 CIRCULAR DRIVE, LORRAINE, PE.

Lorraine, Port Elizabeth, Eastern Cape
Aug 13
Seller description
Auction One
Member since Aug 2019

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Lorraine, Port Elizabeth, Eastern Cape
AD ID 1066205935

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