PRIME MIXED USE BUILDING GOING TO MARKET AGAIN 25 YEARS LATER
CURRENT GROSS ANNUAL RENTAL INCOME R5 045 000
RESIDENTIAL COMPONENT:
25 x 2 Bedroomed Apartments with Lounge, Kitchen & Bathroom (77 m² to 81 m²)
100% Occupancy with Waiting List
Prepaid Electricity & Water Meters
Excellent Security
Elevator
COMMERCIAL COMPONENT
:
Offices Approximately 330m² (Can be converted back to apartments)
Car Dealership Approximately 606 m²
Retail Shop Approximately 142 m²
Workshop Approximately 35 m²
PARKING & ANCILLARY AREAS
:
5 x Lock-up Double Garages
1 x Double Carport
11 x Open Parking Bays (Accessed from the lower-ground level)
ADDITIONAL:
Car Dealership Registered with FSP License (Linked to all banks)
Wash Bay with Own Water
A borehole (Approximately 10 m deep)
Build Another Floor or Extend at Back (Bulk Factor Allowance an additional 1000 m² approximately)
FINAL:
Building Plans, Zoning Certificate, Rental Roll, Service Provider Agreements & Financials - Available after viewing
Fully Tax Compliant
Location
Vasco Estate is an established, primarily residential neighbourhood located within
Goodwood
in
Cape Town, South Africa
. Positioned near major transport routes like Voortrekker Road and Milton Road, it offers a mix of traditional family homes, townhouses, and local commercial properties.
Additional Details
A 10% deposit and 5% auctioneers fee (plus VAT on fee) is due and payable by the highest bidder once bidding has closed
. See Legal tab for Special Conditions.See this lot on BidX1 — photos, legal pack and registration →
What is it worth?Members see the similar-size properties for sale in Goodwood, the market price they give this one, the profit at the opening bid, and the area’s Deeds Office sales by year.
Lot details are taken from BidX1’s website and change often; sales may be postponed, withdrawn or sold beforehand. Confirm with the auction house and read its conditions of sale before you bid. Market prices are estimates from asking prices of similar properties for sale.