20 Jun 2008
Three blocks of flats are coming under the hammer on an auction floor in the Cape on Monday 23 June.
Roxburgh Court, a prime double storey block of flats in walking distance from UCT and the Baxter Theatre is the first. Recently renovated and situated on main the road in Rosebank, this block offers immediate income opportunity from the tenants and the exterior signage. The block consists of four two bedroom flats, all protected with secure burglar bars.
"As the block is sectionalised, the successful purchaser will be able to take transfer of the flats individually," says business development manager Ryan Joffe.
"The upside is that it will decrease the transfer duties incurred."
Another block being offered on the same auction is Purdon Court in Goodwood. This immaculate block comprises 10 two bedroom apartments ranging in sizes from 76sq m to 81sq m. "The site area is just under a hectare, and offers three garages and seven on-site open parking bays for tenant usage," says business development manager Kim Faclier.
"All apartments enclose a central courtyard and offer covered balconies, whilst the ground floor apartments fronting Alice Street include gardens as exclusive use areas."
The third block is Ocean Shore in Blouberg. 'This block of flats is ideal for such buy to let opportunities in either a holiday rental capacity, or as a pied a terre' option for city dwellers seeking a weekend break at an affordable rate," says Joffe.
The two blocks total 18 flats of one to three-bedroom variations. Revenue generation is immediate as the blocks are already fully let on a month to month basis.
For more information contact Kim Faclier on 021 702 3436 or send an email.
Have a comment or question about this article? Email us now..
Looking for a new home?
To find a property to buy, visit Find a Property and view listings of properties in all areas. Check out PropertySPI and get an affordable online report on actual sold prices of properties in your area.
Click here for more property news articles.
Need a blog?
Start your own blog with a free blog from 24.com.
House for sale in Reebok R 1 550 000
House for sale in Britannia Bay R 3 650 000
House for sale in Soshanguve R 344 000
Apartment / Flat for sale in Shelly Beach R 840 000
Townhouse for sale in Lorraine R 889 000
House for sale in Lorraine R 875 000
House for sale in Soshanguve East R 344 000
Apartment / Flat for sale in Shelly Beach R 830 000
House for sale in Soshanguve South R 344 000
Apartment / Flat for sale in Potchefstroom R 774 000
If you are using Internet Explorer 8 or higher, please verify that your Internet Explorer compatibility view settings are not enabled.
For the best browsing experience update to the latest Version of Internet Explorer or try out Google Chrome or Mozilla Firefox.
Please contact our Customer Service Centre for further assistance. Tel. +27 (0)861 111 724