BIDDING STARTS AT
2025-05-28 07:00
OPENING BID
Block of 6 Apartments - 85 % Complete
OPENING BIDS TO BE ADJUSTED ONE DAY PRIOR TO AUCTION.
ONLINE AUCTION
Bidding Start Time: Wednesday 28 May 2025 @ 09:00
Bidding End Time: Thursday 29 May 2025 @ 14:30
Registration is essential by Monday 26 May 2025.
Pre-Auction Offers may be considered. Auction Finance Available.
For more information, please contact the listing agent.
DESCRIPTION:
This prime property is a unique opportunity to reap the benefits, 85% complete.
- Zoning GB1
- 5 x Two Bedrooms, one full bathroom, duplex apartments each ±72m²
- Apartments lead onto a terrace / garden area.
- 1 x Two bedroom apartment ±95m²
- Apartment leads onto a spacious open balcony and built in braai area
Projected Possible Rental income:
- 5 x 2 Bedrooms - ±72m² | ±R11,500 per month – ±R14,500 per month
- 1 x 2 Bedroom - ±92m² | ±R15,000 per month - ±R16,500 per month
Projected Possible Rental income:
- ±R870,000 per annum – ±R1,050,000 per annum
- Ground and first floor apartments
- Open plan kitchen
- VAT entity
- Parking space for 3 cars, plus potential to add more parking outside the 5 units
- All structural work is completed, leaving minor finishing and installations
- Add your personal touch to the interior and design
- Offers immediate potential for income upon completion
- Expand your property portfolio and earn a high rental income or offer a great potential for resale
- Approved water meters
- 3 x Solar panels
- 3 x Geysers
- Electrical pulled through but not connected
DETAILS:
- Erf No: 60869, Cape Town
- Erf Size: 495m²
- Rates: ±R2,700.00 per month
- Zoning: General Business 1
Web Ref: 740475
VAT 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.
Ryan Hamburger |082 691 4915 | 021 425 8822 | [email protected]
Josh Raisun | 078 888 9534 | 021 425 8822 | [email protected]
| Bidder No | Bidder | Time | Amount |
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| Document Type | Document Name | Description | Download Document |
|---|---|---|---|
| Please register to view documents. |