Multi-Unit Income Generating Investment

Bidding opens at R2,600,000

ONLINE AUCTION

Bidding Start Time: Wednesday 24 April 2024 @ 09:00

Bidding End Time: Thursday 25 April 2024 @ 14:30

Registration is essential by Monday 22 April 2024.

Pre-Auction Offers may be considered. Auction Finance Available.

For more information, please contact the listing agent.

DESCRIPTION:

TURNKEY MULTI-UNIT INCOME GENERATING INVESTMENT!

This multi-unit/block of apartments is situated in Fairfield Estate, Parow. Situated in a rental demand area close to public transport, Sanlam Centre, and TFG head office.

The building consists of:

• 2 x Two Bedroom apartments
• 3 x One Bedroom apartments
• 3 x Studio Apartments
• Fully occupied with good longstanding tenants.
• Total gross income - R40,250 per month.
• Rates and maintenance - R1,600
• Water and Electricity - R5,500
• Water and Electricity Recovered + R5,500
• JOJO TANK.
• NET INCOME:  R38,650
• ±15%  NET RETURN. Excellent ROI for this area.

These opportunities at this price point does not come around often.

DETAILS:

• Erf no: 24588, Parow
• Erf size: 352m²
• Rates:  TBC
• Zoning:  TBC

Web Ref:  709049

Transfer Duty Applicable

PAYMENT TERMS:

2.5% Deposit & 10% Auctioneers Fee (excl. VAT on fee), payable on the fall of the hammer by means of EFT only.  Balance payable on Transfer.

Shameer Isaacs | 081 759 8302 | 021 425 8822 | [email protected]

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: [email protected]