2 Bed Apartment in Sibaya Precinct

Two-bedroom luxury apartment.

Going on Auction: Wednesday 26 June 2024

Reserve Price: R2 100 000.00 (All offers will be reviewed)

Expected Opening Bid: R2 050 000.00

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

Spacious two-bedroom all en-suite apartment. An open-plan kitchen and lounge lead to the spacious patio, an ideal outdoor entertainment area. The apartment comes with two underground parking spaces and Storeroom. There is twenty-four-hour state-of-the-art security, CCTV Cameras, and biometric screening. Resort features: Communal swimming pool. Clubhouse. Creche. Gym. Laundry. Landscaped gardens. Pedestrian access to the beach. Another amazing benefit is that the complex allows short-term holiday letting, ideal for investor buyers. Current rental income R18 000.00 per month. The complex is located only a few minutes drives from the nearby King Shaka International Airport. Coral Point is in Sibiya Precinct, located above Umdloti and one of the most sought-after coastal suburbs within the province.

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.