| Mixed-use investment with secure rental income. |
Going on Auction: Wednesday 29 July 2026
Reserve Price: R570 000.00. (All offers will be reviewed)
Expected Opening Bid: R520 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)
Multiple income streams backed by established lease agreements.
This mixed-use investment property offers an additional rental income of R11,500 per month (R138,000 per annum) from a 60m² two-bedroom flatlet and a 60m² office, complementing the current rental income of R46,140.87 per month. The flatlet comprises two bedrooms with built-in cupboards, one bathroom with a bath, a separate toilet and basin, an open-plan lounge and dining area, and a kitchen fitted with melamine countertops, built-in cupboards, and a pantry. The office features a spacious open-plan layout, a reception area, and bathroom facilities. The flatlet is currently leased at R5,000 per month until 30 June 2027, while the office is leased at R5,500 per month until 28 February 2027. The seller has disclosed that the body corporate will attend to painting the ceiling and walls affected by previous water leaks. Prospective purchasers are required to conduct their own due diligence. The property is 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 1,967 m²
Building Size 120m²
Rates R1,249 per month
Sectional Title Levies R2,789
|
|
Tanya Jovanovski
c. 0799803457
tanya.auctions@rawson.co.za
Karina Pretorius
c. 0814634818
karina.pretorius@rawson.co.za
|
