Commercial Property On-Site Liquidation Auction presents a prime location investment opportunity in Cape Town CBD.

Commercial Property On-site Auction Information:

Viewing: By Appointment Only.

Auction Date: Tuesday, 16 July 2024 @11:00am

Location: 8 Riebeek Street, CBD, Cape Town, Western Cape

Matter Name: Bestinver Company South Africa (Pty) Ltd. (In Liquidation) – Masters Reference number (C000100/2020) 

Commercial Property Overview:

• This tall building offers luxury with multiple levels. It includes a lower level, street-level shops, a middle floor, a large central area, and 17 levels of office spaces.
• Modern Elegance: The exterior welcomes you with tiled walls and a well-lit ambiance, thanks to its abundant aluminum windows. As you explore further, you’ll find four lifts seamlessly connecting all levels, from the roof to the basement.
• Flexible Office Spaces: The options are abundant on each office floor. Choose to lease an entire floor or a portion to suit your unique needs. Each floor offers ablution amenities and well-equipped kitchen facilities. Additionally, every floor features boardroom space and a welcoming reception area.
• Offices have carpet, but tenants can change it to tiles or laminate for a modern look. The passages thoughtfully tile, and the office divisions vary, including glass paneling and drywall, tailored precisely to meet tenant requirements.
• Comfort and Convenience: You’ll find a robust ventilation system ensuring a comfortable environment throughout the building.
• Parking Solutions: Secure your spot in the limited basement parking. The ground-floor retail section showcases street-front shops, enhancing visibility and attracting foot traffic. The external areas have beautiful paving, with one side leading to a paved esplanade. For added convenience, street parking is readily accessible.

Don’t miss out on this exclusive opportunity to own a prime commercial property in the heart of Cape Town CBD. Join us at the upcoming liquidation auction and embark on a new era of success. For additional details and auction information, reach out to us today.

Experience comfort and convenience in this commercial property. Our strong ventilation system guarantees fresh air in the building, creating a pleasant atmosphere for everyone inside.

Parking will never be an issue with our secure basement parking. You can rest assured because we safely store your vehicle while you attend to your business affairs. Furthermore, we have designed the ground-floor retail section to maximize visibility and attract foot traffic. With street-front shops, your business will benefit from increased exposure and a higher chance of attracting potential customers.

As you step outside, beautiful paving will greet you, enhancing the aesthetics of the building. One side leads you to a paved esplanade, perfect for a leisurely stroll during breaks or after work hours. For those who prefer to park on the street, convenient street parking is readily accessible.

Don’t miss this exclusive opportunity to own a prime commercial property in Cape Town. Join us at the upcoming liquidation auction and take the first step towards a new era of success for your business. For additional details and auction information, don’t hesitate to reach out to us today. We are here to assist you in making this dream investment a reality.

Property Summary:

The structure comprises 17 levels of office premises (around 50% occupancy) offering the following facilities:

• Gross leasable area of approximately ±21000m²
• Retail stores situated on the ground level (all street facing)
• Atrium and mezzanine areas
• Four elevators service the building, accessible from the basement to the rooftop.
• The structure provides 2 entrances, one from Riebeek Street and another from Thibault Square.
• Three underground parking levels are available (P1, P2, and P3).

Terms & Conditions:

• R100 000 Refundable registration fee by way of EFT payment.
• All interested parties who wish to participate in the auction are required to register 1 day prior to the auction day.
• Please email al relevant resolutions & FICA documents.
• 5% Deposit and 5% buyers commission (Plus VAT) is payable on the fall of the hammer.
• 28 Day confirmation period (Refer to clause 3 in the rules of auction).
• Outstanding Rates & Taxes – Seller.
• COC, Gas, Beetle & Plumbing Certificates – Purchaser.
• Occupation and possession – on registration of transfer of the property.