2 Bedroom house for auction in Colorado Park, Mitchells Plain

NON-DISTRESSED SALE BY VOLUNTARY AUCTION IN COLORADO

Going on Auction: Wednesday 29 January 2025
Reserve Price: R800 000.00 (All offers will be reviewed)
Expected Opening Bid: R750 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)

Just listed by Rawson Auctions National. This perfect starter home is great for the first time investor or to those who wish to add to their property portfolio. It offers two fair sized bedrooms, a family bathroom, neat kitchen with built in cupboards and a sunny lounge. The dwelling is strategically placed on a large erf allowing expansion potential at the back and front of the property. Colorado Park is well sought and close to all major civic amenities. NB. THE PROPERTY IS TENANTED WITH THE LEASE EXPIRING END MARCH 2025.
THE SELLER HAS NEVER LIVED AT THE PROPERTY AND HAS DECLARED THAT SHE IS UNABLE TO DECLARE DEFECTS WHICH MAY OR MAY NOT EXIST.

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.