5 Bedroom house for auction in Reservoir Hills, Durban
Web Ref: 1109521
INVESTMENT OPPORTUNITY - CLOSE TO UKZN WESTVILLE CAMPUS
Going on Auction: Wednesday 27 October 2021
Reserve Price: R1 500 000.00 (All offers will be reviewed)
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
INVESTMENT OPPORTUNITY – SITUATED ON 2077m2 PRIME POSITION - CLOSE TO UKZN WESTVILLE CAMPUS
Spacious Five-bedroom house. Two bathrooms. Lounge & dining room. Fully fitted kitchen. This income generating student accommodation has housed more than 11 students per year successfully. The property has a very large area of land behind the house, which offers development opportunity for building of more student accommodation, as the property is set close to the UKZN Westville Campus.
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.
Monthly repayments will be calculating…
*based on purchase price at Prime over 20 years
Our goal is to sell your property at the right price and in the shortest possible time.