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3 CT blocks of flats auctioned 23/6

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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.

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