Smallholding for auction in Southernwood, Mthatha
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17
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Web Ref: 1291789
Property Features
Interior Features
Exterior Features
INVESTMENT OPPORTUNITY! UNLOCK STEADY INCOME WITH THIS PRIME PROPERTY.
Going on Auction: Wednesday 26 March 2025
Reserve Price: R15 300 000.00. (All offers will be reviewed)
Expected open bid: R15 200 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
Looking for an income-generating property? This elevated residential property in Southernwood offers a prime location near Pick n Pay, schools, and a church. Spanning 2.3876 hectares, it features eight dwellings, including a house, two flats, and five units with 15 en-suite bedrooms, kitchenettes, and access to shared lounge and dining areas. All rooms have built-in cupboards. Fully occupied with tenants, the property generates R60,000 monthly and approximately R1 million annually. It also offers beautiful views, secure fencing, burglar bars, and remote gates.
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.
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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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