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Other for auction in Riverton, Goodwood

POA
  1. Web Ref: 1125364
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Property Features

ERF Size 1,246 m²
Rates R10,000
Building Size 4789m²

PARKFAIR DEVELOPMENT - SOLD AS TURNKEY COMPLETED PROJECT.

Going on Auction: Wednesday 27 October 2021
Reserve Price: P.O.A. (All offers will be reviewed)
Non-refundable 10% commission plus VAT over and above purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)

PARKFAIR DEVELOPMENT - SOLD AS TURNKEY COMPLETED PROJECT.
Upmarket development in Riverton (Goodwood / Elsies River) - ideal for student accommodation (Project is complete and the builder is offsite. Occupation certificate imminent. Standard Bank insured for R106,5 mil). Four floors of residential units (98 apartments with 238 beds - not sectionalized) plus a retail floor. Projected rental income of R1 083 000.00 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

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