1.5 Ha property with multiple units ideal investment opportunity.
Going on Auction: Wednesday 22 May 2024
Reserve Price: R4 100 000.00. (All offers will be reviewed)
Expected opening bid: R3 600 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
Four-bedroom main house. Three-bedroom 2nd house. Three cottages and fourteen single room accommodation with shared ablutions. Potential rental income is R50 000.00 per month. The property is fully serviced by borehole water. 3 Phase electricity. 5kv Solar system with panels and Gel Batteries.
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.
