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SAIA - South African Institute of Auctioneers

INVESTMENT OPPORTUNITY IN THE HEART OF MELVILLE - AUCKLAND PARK RESIDENTIAL PROPERTY AUCTION IN CAPE TOWN, WESTERN CAPE AUCTIONED BY CLAREMART AUCTIONEERS

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CAPE TOWN - RESIDENTIAL PROPERTY, INVESTMENT PROPERTY

INVESTMENT OPPORTUNITY IN THE HEART OF MELVILLE - AUCKLAND PARK

DESCRIPTION:

35 Auckland Avenue Auckland Park Johannesburg

FEATURES:

ONLINE AUCTION

Bidding Start Time: Wednesday 30 June 2021 @ 9:00AM

Bidding End Time: Thursday 1 July 2021 @ 2:30PM

Registration is essential before Tuesday 29 June @ 2:00PM

For more information, please contact the listing agent.

Description:

• This corner property is within walking distance of a shopping centre and food outlets. It is an investor's dream with the property used as student accommodation.

• This property comes with approved building plans in place for a four storey resi development that can accommodate up to 70 beds.

• The current property has 5 rooms with communal kitchen and bathroom.

• There are also 6 cottages on the premises.

• It has secure on-site parking and an alarm system in place.

• This prime location property makes it an even better investment as it is in close proximity to universities, public transport and highways allowing for easy commuting.

• Right in the very heart of Melville the opportunities are endless.

Details:

• Erf no: 608

• Erf size: 989m²

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 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.


 
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