HIGH INCOME, 12 ROOM INVESTMENT PROPERTY - RUYTEWACHT, CAPE TOWN COMMERCIAL PROPERTY AUCTION IN CAPE TOWN, WESTERN CAPE AUCTIONED BY BIDX1 SA

Invited Opening Bid R4 800 000

Bidder Security R25 000 *fully refundable if unsuccessful bidder

Property Summary

The Purchaser is required to acquaint themselves with the property and all matters related thereto, including but not limited to its condition, location, and any improvements thereon.
19 Saldanha Street, Ruytewacht, Cape Town, Western Cape
ERF Size: 476 m²
Rates: Approx R5000 incl water

Property Description
Established Accommodation Income | Approx. R100,000 Monthly Revenue

A great opportunity to acquire a well-established income-generating residential accommodation property with a proven monthly income stream.

Currently owner-occupied and operated as a short-term and long-term rental accommodation, this versatile property offers immediate income potential and an existing client base, including corporate stays, local travellers and international visitors.

Accommodation Breakdown

12 Rooms in Total

4 x Studio Units
• Private en-suite bathrooms
• Dedicated study / work desk areas

6 x Double Rooms

2 x Single Rooms

Shared Facilities
• Communal kitchen
• Communal lounge / chill area
• Laundry facilities with washing machines

Property Features
• Paved outdoor parking area
• JoJo water tank
• Wellpoint
• Prepaid electricity
• CCTV camera system
• Electric fencing

Monthly Running Costs (Approx.)
• Rates & Water: R5,000pm
• Cleaner: R4,000pm
• Electricity: ±R1,500pm

Investment Highlights
• Established and operational rental income stream
• Average gross income of ±R100,000 per month
• Diverse accommodation model (short-term and longer stays)
• Existing furniture can be included
• Immediate continuation of income possible

Important Disclosure
Additional Nu-Tec rooms have been added to the property to increase its accommodation capacity. Building plans have been submitted to Council and are currently pending approval. Purchasers are to satisfy themselves in this regard. Should approval not be finalised by transfer, the seller shall not be held liable.

Location
Ruyterwacht is a northern suburb of Cape Town, South Africa, bordering the industrial area of Epping and the Elsie's River as well as the GrandWest Casino.

Accommodation
12 Rooms, 6 bathrooms