House On Auction in Maitland

ONLINE AUCTION

Bidding Start Time: Wednesday 28 May 2025 @ 09:00

Bidding End Time: Thursday 29 May 2025 @ 14:30

Registration is essential by Monday 26 May 2025.

Pre-Auction Offers may be considered. Auction Finance Available.

For more information, please contact the listing agent.

DESCRIPTION:

Great Investment With 12.21% Gross Yield.

• Cluster of 7 residential tenanted units generating fantastic income.

• An opportunity to develop a block of flats with 1405m² bulk available.

• Positioned perfectly to different modes of transport and easy access to the CBD, Century City N1 & M5 .

• Each unit has prepaid electricity and water meters

The property offers:

The property offers:

• Unit 102 - Lounge, kitchen, bathroom & 2 bedrooms (113m²)

• Unit 104 - Lounge, kitchen, bathroom & 3 bedrooms (112m²)

• Unit 106 - Lounge, kitchen, bathroom & 3.5 bedrooms (135m²)

• Unit 102a - Lounge, kitchen, bathroom & 1 bedroom (41m²)

• Unit 102b - Tv room, kitchenette, bathroom & loft bedroom (20m²)

• Unit 104a - Lounge, kitchen, bathroom & 1 bedroom (41m²)

• Unit 106a – Lounge, kitchen, bathroom & 2 bedrooms (74m²)

• The bathrooms have a toilet, basin, shower and are tiled.

• All units are secured

• Current Gross rental R56,000 pm. or R672,000 p/annum

DETAILS:

• Erf no: 23497, Cape Town

• Erf size: 937m²

• Zoning: General Residential 4

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.