APARTMENT BLOCK CONSISTING OF 6 X ONE BEDROOM UNITS IN COSMO CITY, ROODEPOORT COMMERCIAL PROPERTY AUCTION IN ROODEPOORT, GAUTENG AUCTIONED BY BIDX1

Invited Opening Bid R1 400 000

Bidder Security R25 000 *fully refundable if unsuccessful bidder

Property Summary

This sale is Subject to Confirmation by the parties involved.

34 New Hampshire Crescent, Cosmo City, Roodepoort, Gauteng

Erf: 1144

Erf Extent: 290m2

Unit Extent: Approx 27sqm each

Rates: Approx R1 300pm

Zoning: Res 1

Calling all investors............... Apartment block consisting of 6 x one bedroom units in Cosmo City

Each unit consists of an open plan living area with kitchenette and a seperate bedroom with ensuite (toilet, basin, shower)

The property is solar powered, 3KVA Victron Invertor, 9 Solar panels, 1 battery and 2 geysers.

All units are currently rented out. Leases are for 12 months at a time.

Current rental is R3 700pm but rentals of between R4k - R5k per month is achievable. 

Each unit has its own pre paid electricity meter

Secured parking for 5 vehicles

The property is fully walled and has electric gates.

Approved plans available on request

The property is being sold with the current leases/tenants in place

The sales price is inclusive of ALL 6 units