Reduced

9 Bedroom house for auction in Illovo Beach, Kingsburgh

R1,400,000

9
9
Web Ref: 1222036

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ERF Size 3,939 m²

Rates R2,259 per month

Building Size 414m²

9 Bedrooms

Security

9 Bathrooms

10 Parking Spaces

Views

Braai Facilities

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.