Block of Residential Flats for auction in Park Rynie, Scottburgh
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16
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Web Ref: 1362437
Property Features
Interior Features
Exterior Features
Opening Offers and bids From R16 000 000,00 negotiated
Sale includes eight build units and approved plans for additional 17 units.
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
Amazing investment opportunity with a current rental income R40 500.00 per month and a potential rental income of R108 000.00 per month once the additional 17 units gets build with the approved plans in place. Each of the units are double storey with two bathrooms, open living areas & fitted kitchens. Patio with built-in braai areas. Beautiful, manicured lawns and stunning sea views. The premises has a borehole that switches on from 12pm – 5pm daily. Secured with electric fencing and high walls.
This property is offered subject to a reserve price. All bids and offers are subject to confirmation by the seller.
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