A rare opportunity exists for investors to acquire a fantastic large stand, with excellent development potential in Oranjezicht, that ClareMart has available on auction.
Located on an erf totalling 716m², the existing home can be restored to its original period style, with the option of a second storey being added. Alternately, the property can be redeveloped into an architecturally modernised home. The size of the erf allows for a second dwelling to be constructed on the property for end user living or as investment opportunity.
Average sale prices of properties in Oranjezicht stand at well above R10 million, and this redeveloped property would offer investors a lucrative opportunity to earn high yield returns.
“ClareMart Auctions offer owners who want to sell property at a realistic and market-related price the best chance to attract motivated, qualified buyers to secure a cash property sale transaction, within a short period of time. Auctions sometimes also deliver prices in excess of the expectations of the seller, often after months of the property being on the market with no prospects from the regular sales methods,” Andrew Koch, director at ClareMart said.
Don’t miss out to own this gem that will be auctioned on-site by ClareMart, at 3 Buxton Avenue, Oranjezicht, on Tuesday, 8 May 2018 at 12h00.