Three Tzaneen Commercial Properties on The Block

Three commercial properties primed for woodworks and metalworks will go under Park Village Auctions’ hammer on Tuesday, August 15th.

The immovable property stems from Selati Hardware 1963 (Pty) Ltd, currently in Business Rescue. It is known for its supply to the prominent Selati De Hoek Sawmill. As such, PVA says that the immovable property and its improvements represent an excellent investment opportunity.

Located at 9 Rietbok Street, Tzaneen, the properties comprise portions 0,1 and 2 of Erf 858, measuring 6 303 sqm, 3 541 sqm, and 2 402 sqm, respectively. The land is zoned industrial and features improvements geared for several commercial functions.

Portion 0 comprises a large building with two levels, the upper containing a factory and dispatching areas. The lower-level features offices with a reception area, seven offices, a kitchen, cloakrooms, two storerooms, a timber patio, and covered parking.  

Portion 1 boasts another double-volume warehouse, and portion 2 is a vacant stand.

The properties will be sold individually or as one lot according to the bids received at the onsite auction on Tuesday, August 15th, starting at midday.

Viewing is encouraged and can be arranged by appointment by contacting PVA on 011 789 4375 or emailing auctions@parkvillage.co.za.

For more information, please visit www.parkvillageauctions.co.za, website reference number 1326.