17 Bed, Bed and Breakfast in Lyttelton Manor

Three properties sold as one lot.

Going on Auction: Wednesday 27 November 2024

Reserve Price: R7 900 000 (All offers will be reviewed)

Expected opening bid: R7 800 000.00

Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)

Ideal investment property, income generating properties, with guesthouse approval for 12 double units

Over two of the properties. Three properties sold as one lot. No access to viewing.

IDEAL INVESTMENT PROPERTY, INCOME GENERATING PROPERTIES, WITH GUESTHOUSE

APPROVAL FOR 12 DOUBLE UNITS OVER TWO OF THE PROPERTIES.

Three adjacent properties in a good location, partially prepared for commercial accommodation use, and

partially owned occupied. The location is not subject to loadshedding, is near schools, main routes and

amenities. The two large properties have consent permission for a guest house use. The properties are

income generation to the amount of R60 500 with current available spaces occupied and can be improved

to between R80 000/R90 000 with low financial input.

NB! SDPs available for high density rezoning (rezoning still to be done) Geo reports done.

Rawson Auctions (Southern Region) are obligated by law to market the property at the Reserve Price as listed herein. A Reserve Price is a minimum Rand amount the Seller will accept as the winning bid, and is not necessarily the propertys market value, nor the amount the property is likely to be sold for on the day of the auction. The Seller reserves the right to consider all offers.