18 Bedroom block of flats for auction in Durban Central
Web Ref: 1165517
Thirteen-bedroom block of flats – Ideal for student accommodation.
Going on Auction: Wednesday 24 Aug 2022
Reserve Price: R5 000 000.00 (All offers will be reviewed)
Expected Opening Bid: R4 500 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
THIRTEEN-BEDROOM BLOCK OF FLATS – IDEAL FOR STUDENT ACCOMMODATION. POTENTIAL RENTAL INCOME: R150 000.00 PER MONTH.
Two bachelor flatlets, six one-bedroom flatlets & five two-bedroom flatlets. Each of the units have a bathroom and kitchenette. Some of the units obviously allows for an open plan lounge area as well. Remote access control to the block with on street parking. Bonus is that this block is recently been renovated. Ideal for student accommodation with a potential rental income of R150 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. 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.