| INCOME GENERATING HOUSE CONSISTING OF THREE FLATLETS IN FLORIDA, PAROW
Going on Auction: Wednesday 30 August 2023
Reserve Price: R1 100 000.00 (All offers will be reviewed)
Non-refundable commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
This great Income Generating property has 3 self-contained, lock up & go flatlets. 1 x 1 bedroom flatlet & 2 x 2 bedroom flatlets. All have pre-paid electricity & aluminium windows throughout. Secure parking for 4 cars. Achievable rental income of R16,000pm. This is a 14% Return on Investment. The 1 bedroom flatlet has tenants paying R3,500pm. The one 2 bedroom flatlet has tenants paying R5,500pm. The other 2 bedroom flatlet has just been renovated and is vacant. This flatlet can either be rented out at R7,000pm or used as accommodation by the new owner. A new 20 square metre section & carport was recently built without approved building plans & the buyer must have plans drawn & submitted for approval. The property is centrally located and close to all amenities including schools & shopping centres.
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.
ERF Size 311 m²
Building Size 156m²
Rates R439 per month