17 Bedroom guest house for auction in Lyttelton Manor, Centurion

Three properties sold as one lot.

Going on Auction: Wednesday 27 November 2024
Reserve Price: R7 900 000 (All offers will be reviewed)
Expected opening bid: R7 800 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)

Ideal investment property, income generating properties, with guesthouse approval for 12 double units
Over two of the properties. Three properties sold as one lot. No access to viewing.

IDEAL INVESTMENT PROPERTY, INCOME GENERATING PROPERTIES, WITH GUESTHOUSE
APPROVAL FOR 12 DOUBLE UNITS OVER TWO OF THE PROPERTIES.
Three adjacent properties in a good location, partially prepared for commercial accommodation use, and
partially owned occupied. The location is not subject to loadshedding, is near schools, main routes and
amenities. The two large properties have consent permission for a guest house use. The properties are
income generation to the amount of R60 500 with current available spaces occupied and can be improved
to between R80 000/R90 000 with low financial input.
NB! SDP’s available for high density rezoning (rezoning still to be done) Geo reports done.

Rawson Auctions (Southern Region) are obligated by law to market the property at the Reserve Price as listed herein. A “Reserve Price” is a minimum Rand amount the Seller will accept as the winning bid, and is not necessarily the property’s market value, nor the amount the property is likely to be sold for on the day of the auction. The Seller reserves the right to consider all offers.