7 Bedroom block of flats for auction in Crossroads, Cape Town

R800,000
  1. 7
  2. 7
  3. Web Ref: 1120161
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Property Features

ERF Size 153 m²
Rates R178

Interior Features

7 Bedrooms
7 Bathrooms

INVESTMENT OPPORTUNITY WITH SEVEN APARTMENT GENERATING INCOME.

Going on Auction: Wednesday 29 September 2021
Reserve Price: R850 000.00. (All offers will be reviewed)
Opening Bid: R800 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)

The property consists of four bachelor flatlets and three one-bedroom flatlets. Each flatlet has their own bathroom & open plan kitchenette. Potential rental income when fully occupied is R18 600.00 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.

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