Farm for auction in Kidds Beach, East London

SMALLHOLDING WITH TWO, THREE-BEDROOM HOUSES.

Going on Auction: Wednesday 27 November 2024
Reserve Price: R4 500 000.00 (All offers will be reviewed)
Expected Opening Bid: R4 450 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)

SMALLHOLDING WITH TWO, THREE-BEDROOM HOUSES.
A smallholding with huge potential. Two three-bedroom houses. Each with a main en-suite and family bathroom. Spacious lounge and dining room. One fully fitted kitchen. The two houses are fenced off separately. Double garage and secure parking for two vehicles. Extra features include solar panels that powers both houses as well as a borehole. Potential rental income between R30 000.00 – R50 000.00 per month. Vacant on transfer.

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.