| Studio apartment with magnificent mountain views. |
Going on Auction: Wednesday 28 August 2024
Reserve Price: R997 000.00. (All offers will be reviewed)
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
Fully furnished, fully tenanted studio apartment with amazing mountain views.
The property is part of a VAT registered entity which allows the new owner to claim back the VAT after registration. Gorgeous compact, modern studio - perfect for upmarket student living. Galley style kitchen with a plumbing point for washing machine or dishwasher. The bathroom has shower, basin, and loo. Bedroom/lounge is fair sized, fitting a double bed. Fibre fitted. Current rental income R8821.00 per month. Lease expires: 31 December 2024. The managing agents has tenants for the property, so the apartment is for investment only.
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.
ERF Size 36 m²
Rates R1,434 per month
Sectional Title Levies R1,427
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