| EXEPTIONAL INVESTMENT THIRTEEN UNIT MULTI TENANTED PROPERTY |
Going on Auction: Wednesday 29 January 2025
Reserve Price: R1 800 000.00 (All offers will be reviewed)
Non-refundable 10% commission plus VAT over and above purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
This well-maintained 13 unit multi-let property presents a prime investment opportunity and offers consistent rental income with a high return potential. With all units fully let you will enjoy immediate cash flow from day one. The property features 9 modern bathrooms and 14 well equipped kitchenettes, designed to maximize tenant comfort and convenience. Security is top notch with high walls and security gates that ensures peace of mind. Ideal for investors seeking a profitable, hassle free property with minimal maintenance needs. All rental agreements run on a month-to-month basis with a total rental income of R60 000 per month, and the purchaser has the choice to give notice if vacant occupation is required.
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.
ERF Size 806 m²
Rates R2,300 per month
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Tanya Jovanovski
c. 0799803457
tanya.auctions@rawson.co.za
Jayson Fenske
c. 0608275286
jayson.fenske@rawson.co.za
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