Bidding opens at R5,750,000

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.

Description:

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.

Shameer Isaacs | 081 759 8302 | 021 425 8822 | shameer@claremart.com