| Two-bedroom main house plus two flatlets. |
Going on Auction: Wednesday 27 August 2025
Reserve Price: R1 400 000.00 (All offers will be reviewed)
Expected Opening Bid: R1 320 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
An exceptional opportunity awaits the savvy investor in the highly sought-after suburb of Westgate. This income-generating property offers an estimated monthly rental potential of R18,000 to R20,000, delivering an attractive ROI of approximately 12%. The main house features two cozy bedrooms, a sunny lounge, and a functional kitchen—ideal for newlyweds or a small family. Adjacent to the main home is a spacious one-bedroom flatlet with a fully tiled ensuite, perfect for a single professional. At the back of the property, a generous two-bedroom flatlet—complete with PVC ceilings and aluminium windows—provides comfortable accommodation for a small family, requiring only minor finishing touches. With its excellent location, strong rental appeal, and multiple living spaces, this property presents a rare and lucrative investment opportunity not to be missed.
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 200 m²
Building Size 97m²
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Tanya Jovanovski
c. 0799803457
tanya.auctions@rawson.co.za
Karen Petersen
c. 083 495 0987
karen.petersen@rawson.co.za
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