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R50 000 refundable deposit (strictly bank guaranteed cheque or cash transfer only). Bidders must provide original proof of identity and residence on registration. No cash will be accepted at the auction. No exceptions. All bids are exclusive of VAT. Aucor Property may bid up to reserve on behalf of the sellers. Subject to change without notification.

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Lakeview Terrace: Penny Lane, Richards Bay

Landmark Office Block - Richards Bay, KZN

Property Summary

Buyer's pack

WEBREF: P3556

Category: Commercial

Street Address: Lakeview Terrace: Penny Lane

Suburb: Richards Bay

ERF Size: 4 005m2

GLA: 13 056m2

Gross Income: R7 600 000 p.a.

Features

  • ±5 400m² vacancy upside
  • 6 storey building located in the commercial heart of Richards Bay
  • Ground floor retail with established tenants including KFC, Atlas Finance & Metropolitan Life

Terms

R50 000 refundable deposit (strictly bank guaranteed cheque or cash transfer only). Bidders must provide original proof of identity and residence on registration. No cash will be accepted at the auction. No exceptions. All bids are exclusive of VAT. Aucor Property may bid up to reserve on behalf of the sellers. Subject to change without notification.
Auctioneer: Pieter Geldenhuys

WARREN ARONSON

BUSINESS DEVELOPMENT EXECUTIVE

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