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SAIA - South African Institute of Auctioneers

STUDENT ACCOMMODATION BLOCK - RIVERTON COMMERCIAL PROPERTY AUCTION IN CAPE TOWN, WESTERN CAPE AUCTIONED BY CLAREMART AUCTIONEERS

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CAPE TOWN - COMMERCIAL PROPERTY, INVESTMENT PROPERTY

STUDENT ACCOMMODATION BLOCK - RIVERTON

DESCRIPTION:

73 Halt Road Riverton Goodwood

FEATURES:

BIDDING OPENS AT R40,000,000

ONLINE AUCTION

Bidding Start Time: Wednesday 28 July 2021 @ 9:00AM

Bidding End Time: Thursday 29 July 2021 @ 2:30PM

Registration is essential before Tuesday 27 July @ 2:00PM

For more information, please contact the listing agent.

Description:

As we all know there is a shortage of student accommodation in Cape Town, this is the perfect opportunity to own your own block with great returns and guaranteed to always be occupied. Situated in Goodwood along busy Voortrekker Road and close to all shops, takeaways, public transport and easy access to all major motorways.

• Completion March 2021

• 100 Apartments (240 beds)

• Potential rental for apartments - ± R1,100,000 p.m,

• Retail section of 5 shops

• Potential rental for shops - ± R150 000 p.m.

• Opportunity to add 2 more floors and increase your income

• THIS SALE IS OF A COMPLETED TURNKEY PROJECT WITH OCCUPATION CERTIFICATE

Details:

• Erf no: 19443

• Erf size: 1246m²

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 refundable 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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