Large Home With 3 x Income Generating Flatlets with High ROI

OPENING BIDS TO BE ADJUSTED ONE DAY PRIOR TO AUCTION.

ONLINE AUCTION

Bidding Start Time: Wednesday 30 July 2025 @ 09:00

Bidding End Time: Thursday 31 July 2025 @ 14:30

Registration is essential by Monday 28 July 2025.

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

For more information, please contact the listing agent.

DESCRIPTION:

• Main house-2 beds, lounge, kitchen and bathroom, potential rental ±R7,500 per month
• Main house 3rd bedroom, just toilet that needs to be renovated for potential rental of ±R3,000 per month
• Separate flatlet 1 -1 bedroom with lounge, kitchen and bathroom - potential rental of ±R4,500 per month
• Separate flatlet 2 - 1 bedroom, kitchen and bathroom - potential rental of ±R3,500 per month
• Flatlet 3 - Open plan open space being rented – potential rental ±R2,000 per month
• Total possible income of ±R20,500 per month or ±R246,000 per annum @ 17%+ ROI
• Proposed sketch plans to add more rental units

DETAILS:

• Erf no:  14944, Goodwood
• Erf size:  518m²
• Rates:  ±R214.01 per month
• Zoning:  Single Residential 1

Web Ref:  752768

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]