Smallholding for auction in Glen Austin AH, Midrand
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7.5
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Web Ref: 1297204
Property Features
Interior Features
Exterior Features
Multi-unit investment property with excellent rental potential.
Going on Auction: Wednesday 23 April 2025
Reserve Price: R4 800 000.00 (All offers will be reviewed)
Expected Opening Bid: R4 750 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
This unique property features seven separate housing units (including bachelor flats and two-bedroom homes), offering a combined rental income potential of R30,000.00 per month. Set in a beautiful environment with a large garden, pool, and braai area, it also includes remote access security. The property will be vacant on transfer, making it ideal for
investors or extended families.
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.
Location
Contact the agent
Registered with the PPRA
Registered with the PPRA
Franchisee of Rawson Residential Franchises (Pty) Ltd | Registered with the PPRA
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*based on purchase price at Prime over 20 years
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