3 Bedroom apartment for auction in Ramsgate, Margate

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  3. Web Ref: 1157984
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Property Features

ERF Size 3,823 m²
Rates R1,165 per month
Building Size 124m²
Sectional Title Levies R2,784

Interior Features

3 Bedrooms
1 Dining Room
2 Bathrooms
1 Lounge


Going on Auction: Wednesday 27 July 2022
Reserve Price: R1 100 000.00 (All offers will be reviewed)
Expected opening bid: R990 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)

Spacious three-bedroom apartment. One-bathroom, main en-suite, and a guest toilet. Spacious open plan living areas. Fully fitted kitchen. Guarded twenty-four hours. Private patio situated on Durban beach front with beautiful, magnificent sea views. Communal garden & braai area. Potential rental income between R20 000.00 – R25 000.00 per month. Vacant on transfer. Third bedroom and laundry/storeroom are not on the plan. Opened up additional third bedroom and laundry/storeroom that was sealed off by the developer, the unit belonged to the developer. No one can access the space except unit one from the inside. The space has been open and in use for almost 12 years. HOA is aware of the usage of the space.

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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