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SAIA - South African Institute of Auctioneers

STUDENT ACCOMMODATION - DOUBLE DIGIT RETURN! - ORMONDE VIEW RESIDENTIAL PROPERTY AUCTION IN CAPE TOWN, WESTERN CAPE AUCTIONED BY CLAREMART AUCTIONEERS

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CAPE TOWN - RESIDENTIAL PROPERTY, COMMERCIAL PROPERTY, INVESTMENT PROPERTY

STUDENT ACCOMMODATION - DOUBLE DIGIT RETURN! - ORMONDE VIEW

DESCRIPTION:

4 Tempest Street Ormonde View Johannesburg

FEATURES:

BIDDING OPENS AT R45,000,000

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:

This well-maintained student accommodation is situated 5km from UJ University and is accredited by the University and is sold as a going concern with a well-managed team running the residence, bus for student transport, and is 100% occupied. The residence is close to South Gate Mall so is very convenient for students shopping, food, and whatever they desire.

• UJ Accreditation

• WIFI

• Bus to transport students to the University

• DSTV

• Accommodates 148 students (100% occupied)

• Income R7 104 000 p/a

• Income paid by University - not students

• 40 Bathrooms

• 80 single Bedrooms

• 68 Sharing Bedrooms

• 34 Kitchens

• Laundry room

• Great security

• Security room

• Electric fencing

• CCTV

• VAT transaction

Details:

• Erf no: 357

• Erf size: 4105m²

• Rates p.m.: ± R5858.00

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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