8 Bedroom block of flats for auction in Kenville, Durban

Investment opportunity four incomplete two-bedroom units.

Going on Auction: Wednesday 25 September 2024
Reserve Price: R850 000.00 (All offers will be reviewed)
Expected Opening Bid: R800 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)

Four, two-bedroom units each consisting of one family bathroom. Open plan lounge & kitchen. Two ground floor units & two units situated on the first floor. Double garage. The onus is on the purchaser to complete the building of this property. 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.