Radium Hotel | 2 Storey Hotel Block

26th Aug 2020

26th Aug 2020

11:00 To 14:00

308 Marshall Street, Jeppestown, Johannesburg, South Africa

https://www.ianwyles.co.za/auctions/iwo-3445/

Event Description

ONLINE LIVE ZOOM AUCTION (Hosted at The Durban Country Club)

Property Address Cnr. of Marshall & Auret Street, 308 (306) Marshall Street & 45 Auret Street, Jeppestown, JHB, Gauteng

Extent
308 (306) Marshall Street 248 m²
45 Auret Street 248 m²

Locality

The subject property is centrally located within the business node of Jeppestown and is in close proximity to Gautrain Johannesburg Station, Gautrain Bus Stop, Police Stations, Joburg Medical Centre, Tertiary Institutions, Jeppe College, Jozi Mall & other Shopping Centres and local amenities.

General Comments

The subject property is a Hotel and is zoned as “Commercial”. Please note that we have not undertaken a structural survey, nor have we arranged for tests of inspections of the service installations.

Improvements

The subject 2 Storey Hotel Block comprises:

  • 22 En-Suite Rooms

Ground Floor:

  • 2 Bars with Pool Tables & Dance Floor
  • Kitchen

Basement:

  • Bar

Additional Features:

  • 5 Gambling Machines (Can Apply for additional 35 Machines)
  • Fully Licenced: Liquor and Gambling Machines

Expenses
Monthly Rates
308 (306) Marshall Street ± R 5 609.41 (Estimated)
45 Auret Street ± R 10 069.42 (Estimated)

Value Added TAX
The Seller is a VAT vendor. VAT applies over and above the purchase price.

Organizers

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