LOT NOT SOLD

Opening Bid: 4 300 000 ZAR

CLOSING BID

4 300 000 ZAR

 

Wise Investment

 

Bidding opens at R4,300,000

 

ONLINE AUCTION

Bidding Start Time:  Tuesday 30 May 2023 @ 09:00.

Bidding End Time:  Wednesday 31 May 2023 @ 14:30.

Registration is essential by Monday 29 May 2023.

Pre-Auction Offers may be considered.  Auction Finance Available.

For more information, please contact the listing agent.

 

Description:

This type of property class does not come around often.  Take this opportunity to acquire this income generating block of flats with a retail / commercial component below.  Corner block with huge potential, in a high rental demand area.

  • 9 Tenanted apartments:  7 x 2-bedroom, 1 x 3-bedroom, 1 x 1-bedroom
  • 3 Retail stores
  • Ample parking
  • Property not sectionalised, offering further potential to the buyer to extract bulk and add further units
  • On taxi route
  • Fully secured and well-managed block
  • Current gross income:  R48,450.00 per month OR R581,400.00 per annum

 

Details:

  • Erf number:  21574, Cape Town
  • Erf size:  1004m²
  • Rates:  TBC
  • Zoning:  TBC

 

Web Ref:  607199

 

Transfer Duty Applicable

 

Payment Terms:

2.5% Deposit & 10% Auctioneers Fee (excl. VAT on fee), payable on the fall of the hammer by means of EFT only.  Balance payable on Transfer.

 

Shameer Isaacs  | 081 759 8302  |  shameer@claremart.com


CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: info@claremart.co.za

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