Re-Development Opportunity

OPENING BIDS TO BE ADJUSTED ONE DAY PRIOR TO AUCTION.

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:

PORTFOLIO DISPOSAL

• Type:  5 Semi-Detached houses
• Potential: Re-Development Opportunity
• Condition: The property is dilapidated and has some fire damage.
• 15 Bedrooms (3 per semi-detached house)
• 1 Bathroom per semi-detached house

IMPORTANT TO NOTE:  The property is illegally occupied, and evictions will need to be done by the purchaser.  The property will be sold as it stands.

Viewings at leisure.

An area growing in value. There's a massive demand for affordable housing close to the CBD.

Maitland is situated along a few important transport networks connecting the Cape Town city bowl to the rest of the city. Also, a mere 2 min drive/ walking distance to the new AMAZON development. Massive demand for affordable rentals in this area.

ILLEGALLY OCCUPIED:

The Purchaser acknowledges that this property is Illegally Occupied.  Vacant occupation on registration of transfer is not guaranteed by the Seller and it will be the Buyers responsibility to get the Illegal Occupants out at their own cost.

DETAILS: 

• Erf No:  24582, Cape Town
• Erf Size:  1487m²
• Rates:  TBC
• Zoning:  General Residential 4

Web Ref:  730345

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]