4 Bedroom house for auction in Brooklyn, Milnerton

Going on Auction: Wednesday 24 March 2021

Going on Auction: Wednesday 24 March 2021
Reserve Price: R1 385 000.00 (All offers will be reviewed)
Expected opening bid: R1 320 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)

An INVESTOR’S DREAM!!!

TWO rental income units with the potential to create a third unit. This investment property has a 2-Bedroom Main house with a bathroom, lounge, and fully fitted kitchen, PLUS! a 2-Bedroom Double-storey flatlet with a kitchen, a lounge, a full bathroom, and a guest bathroom. The Double garage accommodates up to three cars in tandem and easily doubles-up as an outside entertainment area with its cozy little fireplace. This space can cost-effectively be converted into a Third dwelling unit as there is still ample parking space available behind locked gates for 4 vehicles.

Current rental income potential: R14,000.00 - R17,000.00 per month. By adding a Third dwelling, this income potential increases by at least R5,000 - R6,800 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.