9 Bedroom house for auction in Illovo Beach, Kingsburgh
Web Ref: 1222036
Four buildings with nine self-sufficient units.
Going on Auction: Wednesday 20 December 2023
Reserve Price: R1 800 000.00. (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)
Each unit consists of one-bedroom, a bathroom, and a kitchen. One of the buildings has an office. Spacious, well-maintained garden. Pool and braai area. Secure parking for ten vehicles. Stunning views of the river. Potential rental income R25 000.00 per month. Vacant on transfer. The seller has disclosed some defects. Onus is on the purchaser to repair. The property is sold voetstoots.
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.