House for Sale in Maitland

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 12.21% 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: The property offers: • Unit 102 - Lounge, kitchen, bathroom & 2 bedrooms (113m²) • Unit 104 - Lounge, kitchen, bathroom & 3 bedrooms (112m²) • Unit 106 - Lounge, kitchen, bathroom & 3.5 bedrooms (135m²) • Unit 102a - Lounge, kitchen, bathroom & 1 bedroom (41m²) • Unit 102b - Tv room, kitchenette, bathroom & loft bedroom (20m²) • Unit 104a - Lounge, kitchen, bathroom & 1 bedroom (41m²) • Unit 106a – Lounge, kitchen, bathroom & 2 bedrooms (74m²) • The bathrooms have a toilet, basin, shower and are tiled. • All units are secured • Current Gross rental R56,000 pm. or R672,000 p/annum Pre-auction offer welcome. DETAILS: • Erf no: 23497, Cape Town • Erf size: 937m² • Zoning: General Residential 4 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.