INVESTMENT OPPORTUNITY TO OWN AN ENTIRE BLOCK OF HOLIDAY APARTMENTS
Going on Auction: Wednesday 22 May 2024
Reserve Price: P.O.A. (All offers will be reviewed)
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
Calling all Air BnB investors, Rawson Auctions is proud to present an entire block of six brand new holiday apartments with spectacular sea views. The apartments on Block G are on average 90sqm plus a balcony of 8sqm = 98sqm of liveable space. Each apartment consists of two bedrooms (main en-suite), a generous living area, modern kitchen, and open plan lounge / dining room with an inside braai. The design is thoughtful and functional and comes with one garage of 20 sqm plus a parking in tandem for a second car (semi-covered). This is the perfect lock-up and go set up for an easy lifestyle. Ultra-modern styling and finishes, complete with ease of access ensures comfort and peace of mind in this secure complex. Located next to the Vida Med Day Hospital, and within proximity to various shops and restaurants. Do not miss out on this opportunity. The seller is registered for VAT.
APARTMENT DESCRIPTION:
Two spacious bedrooms (main en-suite)
Two full bathrooms.
Open plan lounge / dining room.
Modern, fully fitted kitchen.
Covered Patio / Balcony.
Inside braai / entertainment.
Quality vinyl floors throughout.
Powder coated aluminum windows.
Pre-paid electricity meter.
Gas bottle for gas stove and gas water heater.
All units are North facing.
KITCHEN:
Rustenburg granite counter tops.
Five plates Defy gas stove and hob.
Electric oven.
Modern built -in cupboards.
LIVING AND DINING ROOM:
Open plan design.
Built-in braai.
Vinyl flooring.
Sliding doors to a covered patio / balcony.
BATHROOMS:
Main en-suite (bath, shower, toilet and basin)
Second bathroom has a shower, basin and toilet.
Crux sanitary fittings.
OUTSIDE:
One garage parking per unit (20sqm in size)
One extra tandem parking bay semi- covered.
RENTAL INCOME:
A realistic rental income of up to R3 200.00 per apartment per day (in season).
ESTIMATE TIME OF COMPLETION:
Estimated Q1 of 2024.
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.
