Smallholding for auction in Glen Austin, Midrand

R4,300,000
  1. Web Ref: 1165524
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Property Features

ERF Size 14,891 m²
Rates R1,874
Building Size 700m²

Calling all Investors and entrepreneurs.

Going on Auction: Wednesday 24 Aug 2022
Reserve Price: R4 300 000.00 (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)

The perfect business opportunity for the savvy property Investor. A property with loads of potential with a solid income stream, and development potential. Situated on 1.4 hectares, this property has small scale intensive farming opportunities, with rental units in place. Dam and borehole and river overlooking greenbelt. Consists of: Main house - 3 bed 3 bath Open plan kitchen living dining - rented out 2nd House - 4 bed 3 bath - rented out 2 x 1 bed cottages - rented out 40 ft container -storage unit garage converted into office- rented out Staff accommodation.

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.

Location

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*based on purchase price at Prime over 20 years

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