ONLINE AUCTION
Bidding Start Time: Wednesday 25 September 2024 @ 09:00
Bidding End Time: Thursday 26 September 2024 @ 14:30
Registration is essential by Monday 23 September 2024.
Pre-Auction Offers may be considered. Auction Finance Available.
For more information, please contact the listing agent.
DESCRIPTION:
TWO SECTIONS SPLIT INTO 4 UNITS FULLY TENANTED:
• Units consist of 2 x bachelors, 1 x 1 bed and 1 x 2 bedroom unit
• Fully tenanted with lease agreements in place.
• Only the 2 bed unit is on month to month
• Individual Water meters and electricity meters in place.
• Well maintained block with property manager in place who collects rent and manages the block.
• Opportunity to expand or increase rentals.
• Close to beach!
Rental breakdown :
• Rent: R7,050.00 - 2 Beds unit
• Rent: R5,200.00 - Bachelor
• Rent: R5,950.00 - 1 bed unit
• Rent:...
ONLINE AUCTION
Bidding Start Time: Wednesday 25 September 2024 @ 09:00
Bidding End Time: Thursday 26 September 2024 @ 14:30
Registration is essential by Monday 23 September 2024.
Pre-Auction Offers may be considered. Auction Finance Available.
For more information, please contact the listing agent.
DESCRIPTION:
TWO SECTIONS SPLIT INTO 4 UNITS FULLY TENANTED:
• Units consist of 2 x bachelors, 1 x 1 bed and 1 x 2 bedroom unit
• Fully tenanted with lease agreements in place.
• Only the 2 bed unit is on month to month
• Individual Water meters and electricity meters in place.
• Well maintained block with property manager in place who collects rent and manages the block.
• Opportunity to expand or increase rentals.
• Close to beach!
Rental breakdown :
• Rent: R7,050.00 - 2 Beds unit
• Rent: R5,200.00 - Bachelor
• Rent: R5,950.00 - 1 bed unit
• Rent: R4,950.00 - Bachelor unit
• Total Rental R23,150 per month or R277,800 per annum
Calling all investors .
DETAILS:
• Sectional Scheme Name: SS Coral Mews
• Sectional Scheme No: 179/1991
• Unit Size (Extent): 2 (100m²)
• Unit Size (Extent): 3 ( 105m²)
• Rates: ±R726.00 per month per unit
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.
The Claremart Group is a leader in commercial and residential properties. We attract huge crowds to our auctions and consistently match and exceed the mandated price on properties sold under our hammer.