Commercial - Block of Flats for Sale in Brooklyn

Description

ONLINE AUCTION Bidding Start Time: Wednesday 26 March 2025 @ 09:00 Bidding End Time: Thursday 27 March 2025 @ 14:30 Registration is essential by Monday 24 March 2025. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent. DESCRIPTION: Great Investment With 12.7% Gross Yield. Entire block of flats on offer with 10 individual sectional titles: • Positioned close to various modes of transport - and easy access to the CBD, Century City , Milnerton and Maitland. • Each unit has prepaid electricity and water meters The property offers: • 4 x One and a quarter bedroom units (56m² each) • 4 x One bedroom units (36m² each) • 1 x Bachelor room unit (25m²) • Wendy house unit (21m²). • All are sectional titled therefore NO transfer duty applicable • Each unit consists of a bathroom, open plan living area with basic kitchen tops, stove and bedroom/s. • The bathrooms have a toilet, basin, shower and are tiled. • All units have burglar bars and steel gates • The property is surrounded by an electric fence. • Current Gross rental ±R53,387.00 pm. or ±R640,644.00 p/annum Pre-auction offer welcome. DETAILS: • Sectional scheme name: SS Star Court • Sectional scheme no: 185/2022 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. REGISTRATION REQUIREMENTS: To bid at the auction you need to provide a copy of your identity document and current proof of residence (not older than 3 months) as well as a R20,000 refundable registration fee. DISCLAIMER: The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Auctioneers. Bidders must conduct their own investigations prior to bidding.