Studio Apartment in Secunda

EIGHT WELL-APPOINTED FLATS.

Going on Auction: Wednesday 30 October 2024

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

Expected opening bid: R6 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)

INCOME GENERATING, EIGHT WELL-APPOINTED FLATS.

This exceptional property offers 8 well-appointed flats, each featuring a private bathroom, with access to a communal kitchen and laundromatperfect for both short and long-term tenants. The property is equipped with 7 under-roof carports, a lapa, a communal braai area, and a JoJo tank, ensuring comfort and convenience for all residents. With a robust rental income of R33,000 per month, this property is not just an investmentit''s a lucrative opportunity. Its commercial potential as a guesthouse is unmatched, making it an ideal choice for savvy investors. The current rental breakdown is as follows: Room 1 & Room 3: R4500, Room 2: R4600, Rooms 47: R4000, and Room 8: R3400. Whether youre looking to maximize rental returns or convert it into a thriving guesthouse, this property stands out as a prime investment in the market. Dont miss the chance to own a versatile asset with tremendous growth potential!

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.