Cash Generating Block At Great Return

Bidding opens at R3,000,000

ONLINE AUCTION

Bidding Start Time: Wednesday 28 June 2023 @ 09:00

Bidding End Time: Thursday 29 June 2023 @ 14:30

Registration is essential by Monday 26 June 2023.

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

For more information, please contact the listing agent.

Description:

• 28 Rooms of varying sizes
• Annual rental income: ±R811,000
• Below market rentals - upside potential to increase rentals
• Tenants on month-to-month tenancies
• Rooms suitable for 2 adults to increase revenue
• Potentially for students close to Peninsula Technikon and University of Western Cape
• Close to public transport
• Prepaid water and electricity

Details:

• Erf no: 9391, Parow
• Erf size: 496m²
• Rates:  TBC
• Zoning:  General Business 4

Web Ref:  701006

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.

Farrell Perling  |  072 040 7274  |  021 425 8822  |  farrell@claremart.com

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: info@claremart.co.za