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SAIA - South African Institute of Auctioneers

STUDENT ACCOMMODATION WITH GREAT RETURNS - NELSPRUIT EXT 1 COMMERCIAL PROPERTY AUCTION IN CAPE TOWN, WESTERN CAPE AUCTIONED BY CLAREMART AUCTIONEERS

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CAPE TOWN - COMMERCIAL PROPERTY, DEVELOPMENT PROPERTY, INVESTMENT PROPERTY

STUDENT ACCOMMODATION WITH GREAT RETURNS - NELSPRUIT EXT 1

DESCRIPTION:

13 Jones Street Nelspruit Ext 1 Nelspruit

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:

This well-maintained student accommodation is situated in City Centre Nelspruit and is accredited by University of Mpumalanga 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 in the city so is very convenient for students shopping, food and whatever they desire. THIS IS A VAT TRANSACTION.

• Accredited by the University of Mpumalanga

• Income paid by university

• Wi-Fi

• Bus to transport students to university

• DSTV

• Accommodates 135 students

• 100% occupation

• Income R6 480 000 pa

• 27 Units

• 27 kitchens

• 27 bathrooms

• Good security

Details:

• Erf no: 306

• Erf size: 1487m²

• Rates p.m.: ± R11757.00

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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