3 Bedroom apartment for auction in Ramsgate, Margate
Web Ref: 1157984
SECURE THREE-BEDROOM APARTMENT
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.
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.