20 October 2020 @ 11:00am

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Number 587 Madiba Street, Erf 1141, Arcadia, Pretoria

VIEWING:
Friday 16, Saturday 17, Sunday 18 and Monday 19 October
BY APPOINTMENT ONLY

 

CONTACT 066 113 6472 OR eMAIL admin@rileyauctions.co.za
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Multi-Storey Apartment Building, Comprising 72 One, Two and Three-Bed Units

THE APARTMENT BUILDING:
The property has been improved with a seven storey apartment building constructed of concrete column and slab with face brick infill fitted with steel framed glazing under a flat concealed roofing structure with Ground Level foyer and reception, 22 single lock-up garages and 20 covered parking bays and staff accommodation. Pedestrian access to the building is from Madiba Street via the central foyer and reception with Security Office with access to the residential apartment units located on the Upper Levels is from the foyer area via a pedestrian elevator or staircase. The six Upper levels comprise 12 units per floor with a total of Seventy-Two (72) one-, two- and three-bedroom residential apartment units in the building.
Located on the Ground Level, below the Upper Level residential apartments are 22 single lock-up garages and 20 covered parking bays. Located at the back of the building is a free-standing single storey building comprising additional 20 lock-up garage and a rooftop clothes drying area.
The garages and parking areas are accessible via two entrance and egress driveway gates on Madiba Street.
Estimated Extent of Gross Building Area: 8 358m²

THE RESIDENTIAL UNITS:
Each floor comprises a combination of
Three (3) one-bedroom,
Two (2) two-bedroom and
Seven (7) one-bedroom residential apartments.

Eighteen (18) one-Bedroom Residential Apartment Units:
With access from the passage walkway at the front of the units, each of the one-bedroom units is comprised of a lounge, kitchen, one (1) bedroom, a bathroom fitted with a bathtub, wall mounted hand wash basin and toilet bowl and a small balcony leading off from the lounge area.
Each unit measures approximately 49m²
Twelve (12) two-Bedroom Residential Apartment Units:
With access from the passage walkway at the front of the units, each of the two-bedroom units is comprised of a lounge, kitchen, two (2) bedrooms and a family bathroom fitted with a bathtub, wall mounted hand wash basin and toilet bowl and a small balcony leading off from the lounge area.
Each unit measures approximately 65m²

Forty-Two (42) three-Bedroom Residential Apartment Units:
With access from the passage walkway at the front of the units, each of the two-bedroom units is comprised of a lounge, kitchen, three (3) bedrooms, a family bathroom fitted with a bathtub and a wall mounted hand wash basin, separate toilet and a small balcony leading off from the lounge area.
Each unit measures approximately 90m²

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CONDITIONS OF SALE

Terms & Conditions: Deposit to Bid: R50 000.00, EFT ONLY to be paid into Riley Auctioneers account. For details and to submit FICA documents contact admin@rileyauctions.co.za. It is compulsory that buyers submit FICA documents via email for registration. The rules of auction comply with Section 45 of the Consumer Protection Act, Act 68 of 2008.