Block of Flats for auction in Isipingo Beach

Opening Offers and bids From R5 500 000,00 negotiated

Four-floor property with main house, studio & tuck shop.

Purchasers are responsible for a 10% commission plus VAT payment on the agreed purchase price, payable to Rawson Auctions on the fall of the hammer.

Going on Auction 30 September 2026

Versatile multi-unit property: main house, studio & a tuck shop.

This multi-unit income-generating property comprises four self-contained units over four floors, each featuring three bedrooms (one leading to a balcony), a main en-suite, family bathroom, guest toilet, open-plan lounge and dining area, and a fully fitted kitchen. The main house offers two spacious bedrooms, a family bathroom, open-plan lounge and dining area, and an open-plan kitchen. Outside includes three garages, secure parking, and an open braai area. Additional features include a studio apartment & tuck shop. Generating a current rental income of R30,000 per month (lease expiring 1 September 2026), the property is sold voetstoots, with the roof defect and any required repairs the responsibility of the purchaser.

This property is offered subject to a reserve price. All bids and offers are subject to confirmation by the seller.