2 Bedroom apartment for auction in Margate

Two-bedroom, ground floor apartment with breath-taking sea views.

Going on Auction: Wednesday 28 August 2024
Reserve Price: R630 000.00 (All offers will be reviewed)
Expected Opening Bid: R600 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)  

Spacious two-bedroom apartment. Two full bathrooms. Fully fitted kitchen. Open plan lounge and dining area. Balcony with stunning views of the sea. Single garage and secure additional visitors parking. Fully secure complex. Current rental income R5 500.00 per month. Lease expires 30 April 2025.

Rawson Auctions (Southern Region) are obligated by law to market the property at the Reserve Price as listed herein. A “Reserve Price” is a minimum Rand amount the Seller will accept as the winning bid, and is not necessarily the property’s market value, nor the amount the property is likely to be sold for on the day of the auction. The Seller reserves the right to consider all offers.