Excellent Investment Or Development Opportunity

OPENING BIDS TO BE ADJUSTED ONE DAY PRIOR TO AUCTION.

ONLINE AUCTION

Bidding Start Time: Tuesday 29 April 2025 @ 09:00

Bidding End Time: Wednesday 30 April 2025 @ 14:30

Registration is essential by Friday 25 April 2025.

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

For more information, please contact the listing agent.

DESCRIPTION:

Great Investment With 12.21% Gross Yield.

• Cluster of 7 residential tenanted units generating fantastic income.
• An opportunity to develop a block of flats with 1405m² bulk available.
• Positioned perfectly to different modes of transport and easy access to the CBD, Century City N1 & M5.
• Each unit has prepaid electricity and water meters.

The property offers:

• Unit 102 - Lounge, kitchen, bathroom and 2 bedrooms (113m²)
• Unit 104 - Lounge, kitchen, bathroom and 3 bedrooms (112m²)
• Unit 106 - Lounge, kitchen, bathroom and 3.5 bedrooms (135m²)
• Unit 102a - Lounge, kitchen, bathroom and 1 bedroom (41m²)
• Unit 102b - Tv room, kitchenette, bathroom and loft bedroom (20m²)
• Unit 104a - Lounge, kitchen, bathroom and 1 bedroom (41m²)
• Unit 106a – Lounge, kitchen, bathroom and 2 bedrooms (74m²)
• The bathrooms have a toilet, basin, shower and are tiled.
• All units are secured 
• Current Gross rental ±R56,000 per month or ±R672,000 per annum

DETAILS:

• Erf No:  23497, Cape Town
• Erf Size:  937m²
• Rates:  TBC
• Zoning:  General Residential 4

Web Ref:  732069

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]