8 - Unit Seaside Apartment Block In Fish Hoek

Bidding Opens at R5,500,000

ONLINE AUCTION

Bidding Start Time: Wednesday 27 November 2024 @ 09:00

Bidding End Time: Thursday 28 November 2024 @ 14:30

Registration is essential by Monday 25 November 2024.

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

For more information, please contact the listing agent.

DESCRIPTION:

Please note that the price indicated on this advert stipulates the opening bid not the price.

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 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.

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]

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: [email protected]