Va­cant mall in Ka­ree­douw awaits fur­ther de­vel­op­ment

Weekend Argus (Saturday Edition) - - FRONT PAGE -

RAWSON Auc­tions Western Cape will this month bring to auc­tion a 2 900m² mall in Ka­ree­douw.

Tanya Jo­vanovski, fran­chisee of Rawson Auc­tions Western Cape, says the small and vi­brant town lies on Route 62, just an hour’s drive from Plet­ten­berg Bay and 120km from Port El­iz­a­beth.

“The main in­dus­tries in Ka­ree­douw are farm­ing and forestry. A shop­ping mall that will fo­cus on meet­ing the de­mands of res­i­dents from the sur­round­ing area is quite es­sen­tial, in my view,” she says.

The mall, which can ac­com­mo­date 29 shops, is si­t­u­ated on 1.1037 hectares.

“The en­tire cen­tre is cur­rently va­cant, mak­ing this a good project for an in­vestor to re-ten­ant,” Jo­vanovski says. “The mall is on the main road and has 120 park­ing bays.”

In ad­di­tion to re­tail space to let, the shop­ping mall has com­mer­cial prop­erty with of­fices, a car-wash bay and two ATM ma­chines.

There is also an ad­di­tional piece of land be­hind the mall, where a petrol sta­tion could be built and which is cor­rectly zoned for this pur­pose, Jo­vanovski says.

The re­serve price for the prop­erty is R5.5 mil­lion, but Jo­vanovski says all of­fers will be con­sid­ered.

The auc­tion will be by silent ten­der, with writ­ten of­fers to be sub­mit­ted in sealed en­velopes.

Ten­ders will close at noon on Septem­ber 27.

The auc­tion will be held at the Rawson Prop­erty Group’s head of­fice at 222 Main Road, Ron­de­bosch.

No reg­is­tra­tion fee is re­quired to bid with Rawson Auc­tions.

How­ever, the buyer will be ex­pected to pay a de­posit of 5% of the pur­chase price, and 10% com­mis­sion plus VAT over and above the pur­chase price, to Rawson Auc­tions on the seller’s ac­cep­tance of the bid.

Bid­ders are re­quired to be reg­is­tered and must have with them cer­ti­fied copies of their iden­tity doc­u­ments and proof of res­i­dence.

For more de­tails or to book an ap­point­ment to view the prop­erty, call Tanya Jo­vanovski on 082 411 9599.

To ob­tain a bid pack on the shop­ping mall, email info@raw­sonauc­tions.com

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