INVESTMENT COMMERCIAL PROPERTY, 7 TOWNHOUSES, LOW MAINTENANCE FACE BRICK KEMPTON PARK RESIDENTIAL PROPERTY AUCTION IN KEMPTON PARK, GAUTENG AUCTIONED BY BIDX1

Invited Opening Bid R 2 800 000

Bidder Security R25 000 *fully refundable if unsuccessful bidder

This centrally located estate offers a very peaceful and tranquil lifestyle. Located in the heart of Kempton Park, the residents of this place enjoy living in a small community of only 7 units .1 unit currently empty with net monthly rental of 6 units bringing in R32,464 plus recoveries.There are prepaid electricty and water meters.

Fully let annual net income is R455,000 per annum

Upside potential

The units are all duplexes. The ground floors have separate kitchens with ample cupboards, a guest toilet and a lounge with a back door that opens into a private garden and braai area, where residents can enjoy relaxing with friends and family. 

Upstairs the units feature two bedrooms, each with built-in wardrobes. All units have balconies.The bathrooms have a basin, bath-tub and a toilet.The complex is secure and well maintained. The location is excellent within walking distance to all major amenities, easy access to main routes and a stone-throw away from a private hospital.

A 10% deposit and 5% auctioneers fee (plus VAT) is due and payable by the highest bidder once bidding has closed.