7 Bedroom house for auction in Escombe, Queensburgh

SEVEN BEDROOM HOUSE CONVERTED INTO FIVE INCOME GENERATING UNITS

Going on Auction: Wednesday 22 May 2024
Reserve Price: R2 600 000.00. (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)

Investors take note and don’t miss out! This seven-bedroom house has been converted into five individual units. Two units inside the main house can be interlinked to create a four-bedroom unit, and there are also three separate loose standing units from the main residence. Five bathrooms, two and a half lounges and three dining rooms with a fully fitted kitchen. Outside is a very well-established garden, undercover parking for three vehicles and extra open parking for five vehicles. All five units are tenanted with a combined rental income of R24 000.00 p/m. The property is sold fully furnished except a few personal items. The seller is not registered for VAT.

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.