Commercial Property for auction in Port Elizabeth Central
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4
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Web Ref: 1268791
Property Features
Interior Features
STUDENT ACCOMMODATION WITH ELEVEN ROOMS.
Going on Auction: Wednesday 25 September 2024
Reserve Price: R3 100 000.00 (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)
STUDENT ACCOMMODATION WITH ELEVEN ROOMS.
Fully tenanted student apartment block. Four communal bathrooms. One communal kitchen. Fully secure with burglar bars, biometric access, CCTV-system & alarm system. Current rental income R61 280.00 per month.
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.
Contact the agent
Registered with the PPRA
Franchisee of Rawson Residential Franchises (Pty) Ltd | Registered with the PPRA
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*based on purchase price at Prime over 20 years
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