Nett R 792 000 Income P/A
updated on Oct 30, 2020

WEB REF: 514165

  • Price POA
  • LocationCape Town, Observatory
  • Property TypeCommercial - Block of Flats
  • Erf Size410 m2

Guide Price R 5 800 000 - R 6 800 000 ONLINE BIDDING ONLY Bidding Times: Wednesday 25 November 2020 @9am – 2:30pm. Registration is essential before Tuesday 24 November @ 2pm. For more information please contact the listing agent. Description: 6 Newly renovated one-bedroom apartments in sought after Observatory. Modern kitchens and bathrooms, parking and communal braai areas. Close to UCT, shopping centres and all the trendy spots of Observatory. BONUS as all units have a secure parking bay. • 6 One bedroom units • Modern bathroom in each • Small garden • Modern newly renovated • Parking • Braai area • Total Income per month: ±R66,000.00 • Total Income per annum: ±R792,000.00 • Modern newly renovated kitchens • All leases up to date • All units have prepaid electricity • Busy installing prepaid water meters • All units fully let - photos taken before tenants moved in Details: Erf no: 28071 Erf Size: 410m2 Payment Terms: 2.5% Deposit & 10% Auctioneers fee (excl. VAT on fee); Payable on the fall of the hammer by means of EFT only. Balance payable on transfer. Registration Requirements: To bid at the auction you need to provide a copy of your identity document and current proof of residence (not older than 3 months) as well as a R20,000 registration fee. Disclaimer: The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Auctioneers. Bidders must conduct their own investigations prior to bidding.

Additional Features
  • Patio
  • Braai Area
  • Fireplace
  • Security Bars
  • Pets Allowed
  • Entrance
  • Breakfast Nook
  • Deck
  • Mountain View
  • Security Doors
Property Address

17 Kotze Street Observatory Cape Town

Contact Agent(s)

Josh Raisun
Josh Raisun
Cell: 078 888 9534
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