100% Fully Let Student Accommodation

BIDDING OPENS AT R6,800,000.

ONLINE AUCTION

Bidding Start Time: Wednesday 31 July 2024 @ 09:00

Bidding End Time: Thursday 1 August 2024 @ 14:30

Registration is essential by Monday 29 July 2024.

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

For more information, please contact the listing agent.

DESCRIPTION:

This student accommodation set in the heart of Observatory and close to shopping centre and public transport.

Discover the ultimate student living experience with Jammie Shuttle Service nearby.

Sold as going concern.

Area 1:  Income R43,100.00 per month

• 8 Bedrooms
• 2 Bathrooms
• Kitchen

Area 2:  Income R25,900.00 per month

• 4 Bedrooms
• 2 Bathrooms
• Large lounge area with mountain views, could potentially add another bedroom
• 2 Kitchens
• Each room has bed, desk, chair and cupboards.

Area 3:  Potential income – ±R46,000.00 per month

• Owner currently utilizing 3 bedrooms
• Can be an additional 6 students
• Another back bedroom not currently let can be another ±R5,000.00 per month

Flatlet:

• Lounge
• Kitchen
• Bathroom
• Potential rental of ±R8,000.00 per month

Extras:

• Double garage tiled with direct access into house.
• Borehole with 100% drinkable water.
• Good security
• Great investment with guaranteed income due to shortage of student accommodation

Current Rental:  ±R69,000.00 per month

Potential Rental:  ±R115,000.00 per month

DETAILS:

• Erf No:  16056, Cape Town
• Erf Size:  235m²
• Rates:  TBC
• Zoning:  General Residential 4

Web Ref:  533434

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.

Ryan Hamburger |082 691 4915 | 021 425 8822 | [email protected]

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: [email protected]