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Great Returns - 8 Fully Tenanted Flats Plus 2 Tenanted Garages
updated on Apr 08, 2024
R 4 100 000

WEB REF: 709314

Property Summary
  • Selling Price POA
  • Property Type Commercial - Block of Flats
  • Floor Size 56 m2


Bidding opens at R4,100,000 ONLINE AUCTION Bidding Start Time: Wednesday 24 April 2024 @ 09:00 Bidding End Time: Thursday 25 April 2024 @ 14:30 Registration is essential by Monday 22 April 2024. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent. DESCRIPTION: Calling all investors – Buy this already sectionalized 8 x 2 Bedroom Flats – TLC Required • No transfer duty payable (If sections are bought individually) • 8 x Beds • 2 x Bedroom Studios • 5 x Studios • Sections (2-9) Flat size from 43/56/58m² • Sections 11 & 12 are 20m² each CURRENT RENTAL INCOME FROM 15 FLATS IS R46,650 per month or R523,800 per/annum EXPENSES ARE R7297 PM OR R87,564 P/ ANNUM- NET INCOME= R 436,235 P/A OPEN FOR OFFER FROM R4.2 mil Excl CLAREMART FEE DETAILS: • Sectional scheme name: SS Pine Court • Sectional scheme no: 134/1992 • Unit no (Extent): 2 (56m²), 3 (43m²), 4 (56m²), 5 (58m²), 6 (58m²), 7 (56m²), 8 (43m²), 9 (56m²), 11 (20m²) & 12 (20m²) 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.

Additional Features
      Property Address

      14 Santos Street Rugby Milnerton

      Contact Agent(s)

      eMail Agent(s)