Fully Furnished, Equipped and Tenanted B&B Establishment
Going on Auction: Wednesday 22 May 2024
Reserve Price: R4 800 000.00 (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)
FULLY FURNISHED, EQUIPPED AND TENANTED B&B ESTABLISHMENT READY TO MOVE IN.
This seven-bedroom main dwelling as well as four separate cottages on a huge erf of 1784sqm is ideally suited to be operated as a B&B or student accommodation establishment. It is sold fully furnished and fully equipped and has the potential to accommodate 40 students in total. Currently fully leased with a rental income of R60 600.00p/m. The property also has an amazing entertainment hub including a sparkling pool, poolside pub, huge Lapa, braai areas, coin operated laundry and a lockable tool-shed as well as 11 undercover parking bays. A full property description list and inventory is available on request.
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.
