11 Bedroom house for auction in Sandringham, Johannesburg

ELEVEN BEDROOM MANSION UP FOR GRABS. RENOVATORS DREAM.

Going on Auction: Wednesday 27 November 2024
Reserve Price: R1 500 000.00. (All offers will be reviewed)
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)  

Rawson Auctions presents this unbelievable opportunity to buy and restore this eleven-bedroom mansion to its former glory. Six bathrooms, communal kitchen, two entrance halls and living and dining room. This is the perfect investors opportunity to convert this property into a mini hotel or Air Bnb / guesthouse. The house is old, total refurbishment and TLC is advised. The owner declared some defects and the onus is on the purchaser to do a full due diligence exercise. Vacant on transfer.

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.