| Three income-generating units, one outstanding opportunity. |
Going on Auction: Wednesday 24 June 2026
Reserve Price: R3 000 000.00 (All offers will be reviewed)
Expected Opening Bid: R2 800 000.00
Non-refundable 6% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
Multi-unit property offering immediate and future returns.
This versatile multi-unit property presents an outstanding investment opportunity with potential rental income of approximately R40 000 per month. Comprising three self-contained units, the property includes two two-bedroom units and one one-bedroom unit, all featuring tiled flooring, open-plan lounge and dining areas, bathrooms, and functional kitchens. Additional features include a four-car garage, indoor braai area, indoor pool enclosure, CCTV system, burglar bars, automated garage doors, and an unfinished rear room. The property is currently occupied on month-to-month lease agreements requiring 30 days' notice. The seller has disclosed that several renovation projects remain incomplete, including the swimming pool, pool enclosure, ceiling work in one unit, and a rear structure attached to the existing dwelling. Sold voetstoots, this property offers excellent value-add potential for investors and developers seeking to unlock its full income-generating capacity.
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 634 m²
Building Size 468m²
Rates R1,543 per month
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Tanya Jovanovski
c. 0799803457
tanya.auctions@rawson.co.za
Moira Abrahams
c. 0765489715
moira.abrahams@rawson.co.za
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