Multi-Tenanted Property – Huge Income Potential

Bidding opens at R1,475,000

ONLINE AUCTION

Bidding Start Time: Tuesday 28 May 2024 @ 09:00

Bidding End Time: Thursday 30 May 2024 @ 14:30

Registration is essential by Monday 27 May 2024.

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

For more information, please contact the listing agent.

DESCRIPTION:

House with 3 flatlets - income generating property.

Main house consists of:

• 2 Bedrooms with built-in cupboards
• 1 Bathroom with a shower and a bath
• Lounge
• Kitchen with built-in cupboards
• Income:  R6,000 per month.

3 Flatlets on the property consist of:

• 2 Bedrooms, bathroom and kitchen - Income of R5,000 per month.
• 1 Bedroom, kitchen and bathroom - Income of R4,000 per month.
• 1 Bedroom, kitchen and bathroom - Income of R2,500 per month.

Total Rental Income is R17,500 per month or R210,000 per annum

• Enclosed garage, parking space for 3 cars.
• Remote garage door.

Offers welcome from R1.475,000 excluding Claremart fee.

DETAILS:

• Erf no:  1047, Pelikan Park
• Erf size:  313m²
• Rates:  TBC

Web Ref:  575013

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.

Sanjeev Boyjoonauth | 066 054 2211 | 021 425 8822 | [email protected]

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: [email protected]