Block of Flats for auction in Newlands West, Durban
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5
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Web Ref: 1300649
Property Features
Interior Features
Exterior Features
Five unit income generating investment property!
Going on Auction: Wednesday 25 June 2025
Reserve Price: R3 850 000.00. (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)
This well-secured property offers four units: three with two bedrooms and one with a single bedroom. Each unit includes open-plan living areas, modern bathrooms, and well-equipped kitchens. Outside features include covered parking, remote gate access, burglar bars, and security gates. All units have pre-paid meters and solar geysers. Currently generating R24,650.00 per month in rental income with leases in place, this property is a solid investment opportunity. Minor boundary wall cracks disclosed; property 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.
Contact the agent
Registered with the PPRA
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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