ONLINE AUCTION Bidding Start Time: Wednesday 25 January 2023 @ 09:00 Bidding End Time: Thursday 26 January 2023 @ 14:30 Registration is essential by Monday 23 January 2023. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent.
This type of property class does not come around often. Take this opportunity to acquire this income-generating block of flats in the heart of Worcester CBD.
• Corner block with huge potential, in a high rental demand area. • 15 Tenanted apartments: 9 x 2-bedrooms & 6 x studios. • Ample parking. • Well-managed block. • Exterior has been recently painted. • Property not sectionalised, offering further potential to the buyer to extract bulk and add further units. • Current gross income: R66 920,00 per month OR R803 040 per annum. • Please call to discuss further or to schedule a viewing.
Details: • Erf no: 1500, Worcester • Erf size: 1329m² • Rates: ±R4,500.00 per month • Zoning: General Residential 4
Web Ref: 605081
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.