3 Bed House in Lotus River

Three-bedroom house with a separate flatlet.

Going on Auction: Wednesday 22 May 2024

Reserve Price: R1 500 000.00 (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)

Three-bedroom house. One bathroom. Lounge area & a fitted kitchen. Separate one-bedroom flatlet. Garden with huge potential. Garage has been converted into a storage unit. Secure parking for eight vehicles. The current rental income for the flatlet R4000.00 per month and the potential rental income for the main house R13 000.00 per month both will be vacant on transfer.

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.