7 Bedroom house for auction in Delft

An Investment Opportunity Going on Auction: Wednesday 24 March 2021

Going on Auction: Wednesday 24 March 2021
Reserve Price: ZAR 720 000.00 (All offers will be reviewed)
Expected opening bid: ZAR 655 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)

7 Bedroom Property with parking for 4 vehicles behind locked gates.
Four Rental units on one Erf with a combined current rental income of R12,300 p/m.
*Unit 1: a Two-Bedroom Main house with an open-plan kitchen/lounge area.
*Units 2 & 3: Two-Bedroom Separate entrances with open-plan kitchen/lounge areas.
*Unit 4: a One-Bedroom Bachelor pad.
Each unit has its own bathroom (with shower, hand-basin & toilet), a compact geyser, and an electricity meter box.

Current rental income: R12,300 per month.

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.