Bargain hunters, savvy investors and homebuyers can look forward to property auctions coming up in July in the Western Cape.
Located in the heart of De Waterkant, this home at 109 Loader Street within walking distance of the popular Cape Quarter and social hub of Somerset Road, will be auctioned on 26 July.
Aucor Property will auction two properties on 26 July at the One and Only, V & A Waterfront in Cape Town.
The first property to be sold at the fall of the hammer is located in the heart of De Waterkant at 109 Loader Street within walking distance of the popular Cape Quarter and social hub of Somerset Road.
The home has five bedrooms, five bathrooms, a double garage, swimming pool and garden, spanning over 602 square metres.
Jonathan Woolley of Aucor Property describes the property as ideal for those seeking a home in the city, where all the amenities are within walking distance.
A double storey penthouse in Blaauwberg situated in the luxurious Horizon Bay estate will also be auctioned on the same day.
Situated at the corner of Modderdam and De La Rey roads, Rawson Auctions will auction this home in the Parow Industria district on site on 19 July.
It has three bedrooms, each with floor to ceiling glass panelling, allowing uninterrupted views over Table Mountain and the coastline, under floor heating, ducted air conditioning, Italian design cabinetry and a beautiful rim flow pool on the balcony.
Rawson Auctions will auction a home in the Parow Industria district on site on 19 July.
Situated at the corner of Modderdam and De La Rey roads, this home would enable the occupant to get to work at one of Parow’s many factories, warehouses and distribution depots in a matter of minutes.
The home is in the secure, relatively quiet Augustine area, considered by many to be the most upmarket section in Parow, says Rawson Auctions franchisee Tanya Jovanovski.
A double storey penthouse in Blaauwberg situated in the luxurious Horizon Bay estate will be auctioned on 26 July.
Although in many ways a conventional, well-built, single storey ranch-style house, the home is characterised by excellent features and fittings.
The three bedroom home has a study with built-in cupboards. Protection throughout is provided by an alarm system and sophisticated burglar barring.
Linked to the home are two garages and in the well-established garden there is a club house, which can be used for entertainment, business meetings or a work from home office.
Jovanovski expects offers of around R795 000.
In addition, she says many investors now moving into buy-to-let properties have identified Wynberg as a prime target area.
Throughout the 2004 to 2008 boom property developers saw this as a place to erect new developments – and many of these have proved highly successful, consistently achieving 95 percent plus occupancies.
On 11 July, a large three bedroom, two bathroom apartment on Bower Road, Wynberg, which currently has a tenant paying R6 800 per month will be auctioned at Rawson Head Office at 12 noon.
“Tenant demand in Wynberg tends to exceed supply and investment apartments in the area are likely to attract good rentals.”
On 11July, a large three bedroom, two bathroom apartment on Bower Road, Wynberg, which currently has a tenant paying R6 800 per month will be auctioned at Rawson Head Office at 12 noon.
The lease expires at the end of November but the tenant has indicated that they would like to renew it, if the buyer is buying the property as an investment, she says.
The apartment has the use of a garage and maid’s quarters and the site, which is protected by electrified fencing, is very secure. It also has ample enclosed visitor parking.
Jovanovski says the entire property has been well-maintained by a dedicated body corporate. The rates and levies being billed currently amount to ± R1 000 per month.
She adds that a reserve price of R800 000 has been set for the apartment and bidding will start at that level.