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Description

DECEASED ESTATE – ONLINE AUCTION

 Online Auction (Estate Late A.M. Vallie) on mixed use zoning building and residential plot behind building situated at 211 Connaught Road, Cravenby, Elsies River

Bids/offers now open and closes by 30th October UNLESS sold prior.

Ideal development opportunity with top mixed use zoning. The building which is in dire need to be redeveloped consists of 4 retail/commercial shops and 6 residential units above as well as a huge 775sqm residential zoned vacant plot behind the building.

With a combined sqm of 1550sqm, this is perfect for a developer to unlock its full potential and extend as well as develop up to 4/5 storeys.

Contact auctioneer for the auction terms & conditions. 5% deposit of the accepted purchase price plus the auction 10% commission plus vat thereon which is payable over and above accepted offer is payable immediately.

Please note that an offer due to the fact that it is an estate Late is subject to acceptance by the heirs and The Master of The High Court which could take a few weeks. Should the offer be rejected, the full deposit and auction commission will be refunded immediately.

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Details

Updated on April 25, 2022 at 11:30 am

  • Reference #: 1328708
  • Suburb / Town: Elsies River
  • Property Type: Retail
  • Stand Size: 1550.0 m²

Additional Features

  • Mandate Price:total gross price

    Address

    211 Connaught Road

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