15 Bed House in Park Hill

INVESTORS DREAM 5 THREE BEDROOM DUPLEX UNITS ON ONE ERF

Going on Auction: Wednesday 18 December 2024

Reserve Price: R6 500 000.00. (All offers will be reviewed)

Expected Opening Bid: R5 500 000.00

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

Discover an exceptional investment opportunity in the heart of Parkhill, Durban North. This duplex setup features 5 spacious three-bedroom units, each designed with modern living in mind. Perfect for investors looking to expand their portfolio. These units offer a blend of comfort and convenience, with ample living space and private outdoor areas. Each unit has three well sized bedrooms with BICs (main en-suite and balcony) and a full family bathroom. Open plan lounge and dining room and fully fitted kitchen. Single lock-up garage for each unit. Extra parking for 12 vehicles. Portable braais allowed on balconies. Well maintained communal gardens. Each unit fitted with prepaid electricity. 4 units are currently tenanted on a 12-month lease agreement with one month notice period required. Achievable rental income of R45 000.00 when fully let.

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.