BIDDING STARTS AT
2024-10-30 07:00
OPENING BID
8 - Unit Seaside Apartment Block In Fish Hoek
OPENING BIDS TO BE ADJUSTED ONE DAY PRIOR TO AUCTION.
ONLINE AUCTION
Bidding Start Time: Wednesday 30 October 2024 @ 09:00
Bidding End Time: Thursday 31 October 2024 @ 14:30
Registration is essential by Monday 28 October 2024.
Pre-Auction Offers may be considered. Auction Finance Available.
For more information, please contact the listing agent.
DESCRIPTION:
8-UNIT SEASIDE APARTMENT BLOCK ON OFFER.
Options are endless. Short-term letting, long-term letting or sell off the units for immediate profit.
The famous Fish Hoek beach just a 2-minute stroll away.
The Fish Hoek property market is on a rapid incline now. Take this opportunity to maximize your returns.
The building has large 2-bedroom apartments. The top floor units have large balconies with beautiful sea views.
The property consists of:
- 8 x 2-Bedroom apartments (±72m²). Top floor units have large, enclosed balconies.
- Each unit has its own electricity meter and geyser.
- 3 x Garages.
- Outside toilet.
- Storeroom.
- Current nett income ±R50,000.
- Potential income once renovated (±R96, 000).
- Potential selling price of renovated 2-bedroom apartment ±R1,450,000.
- The property does need some TLC.
- This will go fast! Bring your best offer.
PRE-AUCTION OFFERS MAY BE CONSIDERED.
DETAILS:
- Erf no: 10692, Fish Hoek
- Erf size: 622m²
- Rates: TBC
- Zoning: General Residential 2
Web Ref: 729428
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]
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