LOT NOT SOLD
CLOSING BID
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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