Commercial - Block of Flats on Auction in Klein Drakenstein

Description

ONLINE AUCTION Bidding Start Time: Tuesday 30 September 2025 @ 09:00 Bidding End Time: Wednesday 01 October 2025 @ 14:30 Registration is essential by Monday 29 September 2025. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent. DESCRIPTION: Investment Opportunity: 6 x 2-Bedroom Units For Sale in Klein Drakenstein, Paarl Address: 7 Frans Road, Klippiesdal, Paarl Total Units: 6 x 2-bedroom apartments This fully tenanted multi-unit property presents an excellent investment opportunity in the heart of Klein Drakenstein, Paarl. The property consists of six well-maintained 2-bedroom units, each with its own entrance, offering strong rental income potential and solid returns. Key Features: • 6 x 2-bedroom units • All units feature kitchens, living areas, and bathrooms • Prepaid electricity meters • Prepaid Water • Ample on-site parking • Low-maintenance design • Fully tenanted with steady rental income • Currently generating ±R45,500.00 pm • Approved Plans and Occupancy Certificate available on request. • Located in a quiet residential area with easy access to schools, transport routes, and local amenities Ideal for savvy investors seeking a stable income-generating asset in a growing area with long-term upside potential. Contact us today to schedule a viewing or to request a rental income breakdown and more financial details. DETAILS: • Erf no: 12965, Paarl • Erf size: 505m² 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.