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3 Commercial Units At The Sentinel, Cape Town – Online Auction

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

Featuring

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.

3 commercial units at The Sentinel (21)
3 commercial units at The Sentinel (21)
3 commercial units at The Sentinel (1)
3 commercial units at The Sentinel (3)
3 commercial units at The Sentinel (2)
3 commercial units at The Sentinel (9)
3 commercial units at The Sentinel (5)
3 commercial units at The Sentinel (4)
3 commercial units at The Sentinel (8)
3 commercial units at The Sentinel (6)
3 commercial units at The Sentinel (7)
3 commercial units at The Sentinel (13)
3 commercial units at The Sentinel (14)
3 commercial units at The Sentinel (12)
3 commercial units at The Sentinel (15)

Note to purchasers

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

Additional Notes

Legal Notice:

 

View Legal Notice

This auction is governed by the Consumer Protection Act – Act 68 of 2008 (South Africa), and further reference to the Act and the regulations can be downloaded here.
Consumer Protection Act 68 of 2008
Consumer Protection Act 68 of 2008 – Regulations

COV-19 SPECIAL CONDITIONS

1 The Buyer recognises that the world is currently amidst a pandemic, which may affect how business gets done and cause some difficulty in viewing and collection of assets amongst others.
2 Sellers may have to introduce and modify the rules of engagement relating to the sale and access of various sites. All buyers agree that they will adhere to the regulations and rules set by Government and the Sellers and furthermore agree that the Buyer cannot use this to withdraw from sales.
3 The Buyer recognises that there might be a delay in the collection of assets and/or access to site, which will impact loading time and collection efforts. Each bid that is made by the Buyer is made with this in mind.

The Bidders Attention Is Drawn To The Following:

Auction/Sale Notes

  • The assets will be sold as is where is. It is the buyer’s responsibility to perform an inspection of the assets prior to the auction.
  • The auction/sale is subject to a reserve price and will not be sold for less than such.
  • The Sale of the assets is non-suspensive and not subject to any feasibility or any other condition required by the buyer.
  • The auctioneer may bid for any lot or lots offered for sale at the Auction on behalf of third parties.
  • The Auctioneer may bid for any lot or lots offered for sale at the Auction on behalf of seller but, if on behalf of the seller, not at or in excess of the reserve price.

  • Deposit of 10% and Buyers Premium 5% plus VAT, payable immediately after acceptance of offer
  • Balance of the purchase price plus VAT, payable on registration of transfer
Register & Bid on AllSurplus

Event Details

Bidding Opens: March 18, 2021 9:00 am

Bidding Closes: May 12, 2021 12:00 pm

Asset Location: Leeuwen Street, Cape Town, WC

Viewing Details: Strictly by appointment

Contact Details

Contact: Kim Faclier

Email: kim.faclier@liquidityservices.com

Telephone: 0860 00 00 10