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NETT R 792 000 INCOME P/A - OBSERVATORY DEVELOPMENT PROPERTY AUCTION IN CAPE TOWN, WESTERN CAPE AUCTIONED BY CLAREMART AUCTIONEERS

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The South African Institute of Auctioneers Promotes the Auction Industry by Serving our Members, Stakeholders and the Public.

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CAPE TOWN - DEVELOPMENT PROPERTY, INVESTMENT PROPERTY, RETAIL PROPERTY

DESCRIPTION:

17 Kotze Street Observatory Cape Town

FEATURES:

Guide Price R 5 800 000 - R 6 800 000

ONLINE BIDDING ONLY

Bidding Start Time: Wednesday 25 November 2020 @ 9:00AM

Bidding End Time: Thursday 26 November 2020 @ 2:30PM

Registration is essential before Tuesday 24 November @ 2:00PM

For more information please contact the listing agent.

Description:

6 NEWLY RENOVATED ONE BEDROOM APARTMENTS IN SOUGHT AFTER OBSERVATORY. MODERN KITCHENS AND BATHROOMS, PARKING AND COMMUNAL BRAAI AREAS. CLOSE TO UCT, SHOPPING CENTRES AND ALL THE TRENDY SPOTS OF OBSERVATORY. BONUS AS ALL UNITS HAVE A SECURE PARKING BAY.

•6 ONE BEDROOM UNITS

• MODERN BATHROOM IN EACH

• SMALL GARDEN

• MODERN NEWLY RENOVATED

• PARKING

• BRAAI AREA

• TOTAL INCOME R780 000 P/A

• NETT TOTAL INCOME R720 000 000 P/A

• MODERN NEWLY RENOVATED KITCHENS

• ALL LEASES UP TO DATE

• ALL UNITS HAVE PREPAID ELECTRICITY

• BUSY INSTALLING PRE PAID WATER METERS

• ALL UNITS FULLY LET - PHOTOS TAKEN BEFORE TENANTS MOVED IN.

Details:

Erf no: 28071

Erf Size: 410m2

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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