10 Bedroom house for auction in Ramsgate, Margate

Multi-level, spacious home with six income-generating units.

Going on Auction: Wednesday 25 June 2025
Reserve Price: R3 000 000.00 (All offers will be reviewed)
Expected Opening Bid: R2 700 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)

This spacious multi-level property offers a top floor that features three-bedrooms, including a main en-suite, a full family bathroom, an open-plan lounge and dining area, and a modern fully fitted kitchen. The second floor includes two self-contained two-bedroom flats with private patios, while the first floor offers three bachelor flatlets. Additional features include a small garden, pool (requiring repair), four automated garages, secure parking for eight vehicles, and full security with remote access. Sold voetstoots and vacant on transfer, this property is ideal for investors or large families. With a potential rental income of R30 000.00 per month, this property is 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.