Online Auction of Section 1, 2 and 3 at The Sentinel Boasting +-922m² In The Heart of Cape Town CBD With Parking Bays.
Lot Closing: 12/05/2021 12:00 pm
Sale Method: Online Auction
The Sentinel is a mixed use sectional title scheme. The following sections will be sold on auction: – Section 1 SS The Sentinel: +- 507m² – Section 2 SS The Sentinel: +- 205m² – Section 3 SS The Sentinel: +- 210m² – Storerooms: 2 – Parking Bays: 5 The subject units above are situated in The Sentinel, on the corner of Loop and Leeuwen Street in Cape Town CBD. The building is modern having been recently developed in 2018.
Section 1, 2 and 3 are essentially vacant shells. Section 1 (The Shop) has excellent frontage onto Leeuwen Street and some exposure to Loop Street. Accessed from a door at the intersection of Loop and Leeuwen. The Office units are situated above the shop with access from Loop Street (Section 2) and the other from Leeuwen Street (Section 3) Section 3 has access to a balcony. Additionally, there are 5 parking bays situated in the parking garage and 2 storerooms.
The 5-star Pepper Club Hotel is situated within a short distance with popular Bree Street in close walking distance, bustling with numerous coffee shops, bars and restaurants. The property is also close to the Cape Town High Court & has superb access from Loop Street, this being a major link road through the CBD with the N1 and N2 National Roads being a short distance away. MyCity buses (public transportation) stop along Loop Street too. This prime opportunity is perfect for either a retail operation or for office usage – could be perfectly suited for legal or accounting firms.
Please Note: Lot sold subject to confirmation.
Auction Notes: To be approved for bidding, we require: completed participation form, proof of payment of R10 000 registration fee, and FICA documents.
Buyers Premium: 5%
VAT / TAX: 15% VAT applicable on commission and purchase price
Payment Type: EFT
The Bidders Attention Is Drawn To The Following: