18 Bedroom house for auction in Observatory, Cape Town

POA
  1. 18
  2. 6
  3. Web Ref: 1065246
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Property Features

ERF Size 235 m²
Rates R1,100

Interior Features

18 Bedrooms
2 Dining Rooms
Security
6 Bathrooms
2 Lounges
Kitchen

Going on Auction, Wednesday, 23 September 2020 at 12 Noon

Going on Auction, Wednesday, 23 September 2020 at 12 Noon
Reserve Price: R9.5 mil (All offers will be reviewed)
(10% Commission plus VAT over and above bid amount)

This property has 18 rooms ideal for student accommodation or could be converted into a B&B.
This property is well maintained and has an ambiance of a great living atmosphere in a city setting such as Cape Town. Potential rental income R90 000.00 per month with current lease expiring end December 2020.

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.

Location

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