23 Bedroom guest house for auction in Bunkers Hill, East London
Web Ref: 1156508
FULLY FURNISHED TWENTY-THREE-BEDROOM GUESTHOUSE.
Going on Auction: Wednesday 6 July 2022
Reserve Price: R12 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)
Spacious three bedroom house in Westridge
The property is well maintained with three buildings, and twenty-three rooms in total. All units are fully furnished with a bedroom, bathroom, and small kitchenette. Open plan kitchen. Conference room for up to thirty delegates with all standard equipment included. Large outdoor covered patio area for dining. Twelve-meter lap pool with pool house set in a tropical setting. Well established garden. Controlled access and ample free parking inside. Current monthly rental monthly income R33 000.00 per month. This property is a great investment, as it runs on solar electricity, which is not affected by load shedding, and boasts a wonderful borehole, so there is not a problem with water shortages. Amazing amenities close by for your convenience.
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.