| Five unit income generating investment property! |
Going on Auction: Wednesday 25 June 2025
Reserve Price: R3 500 000.00. (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 R31 000.00 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.
ERF Size 584 m²
Building Size 584m²
Rates R903 per month
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Tanya Jovanovski
c. 0799803457
tanya.auctions@rawson.co.za
Cagney Nienaber
c. 0670650336
cagney.nienaber@rawson.co.za
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