| Three–bedroom house with four income generating flatlets. |
Going on Auction: Wednesday 28 August 2024
Reserve Price: P.O.A. (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)
Non distressed sale by voluntary auction for the discerning investor! Great location and great potential! A serious addition to your investment portfolio or how you choose to explore this very viable opportunity. All this panhandle property needs is a revamp and your personal touch, and your bills are paid! Consisting of a main dwelling with neatly arranged 4 rental units, ROI is around 16% on the reserve price with one unit vacant. The panhandle is not in use and once fenced there should be parking for 2-3 cars. Tenants are aware that the property is being sold.
#DO NOT MISS OUT!
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 389 m²
Rates R375
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