Please note that you are using an outdated browser which is not compatible with some elements of the site. We strongly urge you to update to Edge for an optimal browsing experience.

POA

2 Bedroom Apartment / Flat On Auction in Strand Central

2 & 3 Coral Mews 58 Sarel Cilliers Street, Strand Central, Strand

AUCTION

Contact Agent

Sanjeev Boyjoonauth

Show Contact Number

Income Generating - 4 Fully Tenanted Apartments

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.