Property for auction
Eastern Cape
East London
Saxilby
5 Bedroom house for auction

5 Bedroom house for auction in Saxilby, East London

R9,000,000

5
2
Web Ref: 1222805

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ERF Size 2,383 m²

Rates R2,580 per month

Building Size 1307m²

5 Bedrooms

1 Dining Room

14 Flatlets

House Levels

Aircon

2 Bathrooms

2 Lounges

Security

Entrance hall

19 Parking Spaces

Five-Bedroom house with additional flatlets and outbuildings.

Going on Auction: Wednesday 22 May 2024
Reserve Price: R9 000 000.00 (All offers will be reviewed)
Expected opening bid: R8 800 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)

Stunning five-bedroom house. Two bathrooms. Spacious living areas and a fully fitted kitchen. One, three-bedroom flatlet and one, two-bedroom flatlet. In addition to this lovely accommodation there are three separate outbuildings boasting with twelve, two-bedroom apartments. Fully paved yard with secure parking for nineteen vehicles. Fully secure property. Current rental income R113 800.00 per month. The seller has disclosed some defects. Onus is on the purchaser to repair. The property will be 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.