KEEPING YOUR FINGER ON THE PULSE OF THE PROPERTY MARKET

WEBREF: 5218

BLOCK OF 6 LARGE DUPLEXES WITH ADJACENT VACANT ERF IN PRIME LOCATION, FURTHER DEVELOPMENT POTENTIAL

GRASSO COURT, CNR 2 GIE & SITE 287 BLAAUWBERG ROADS, TABLE VIEW

Property Description

PROPERTY DESCRIPTION:

1st PROPERTY DESCRIPTION - GRASSO COURT (2 Gie Road):

Offering 6 large unsectionalized duplexes divided into:

  • 4x 2 Bedrooms duplexes (90m²) with own backyard with bathroom, guest loo, lounge and fitted kitchen
  • 2x 3 Bedrooms (110m²) duplexes with own back yard, 2 bathrooms, guest loo, lounge and fitted kitchen
  • 6x lock-up garages (20m²)
  • 7 Parking bays (2 more parking bays possible)
  • Electric fencing, fibre optic ready
  • Property not sectionalised, offering massive potential
  • Current Rental income p.a.: ± R490,200 potential at least 15% increase
  • Potential rental income p.a: ± R637,260 potential with 30% increase

2ND PROPERTY DESCRIPTION- 287 Blaauwberg Road:

  • Adjacent vacant land
  • BOTH PROPERTIES SOLD TOGETHER

DETAI LS:

  • Erf no & size: 3401, Milnerton (1314m²) (1st property)
  • Rates p.a. ± R20,037
  • Zoning: General Residential 3
  • Erf no & size: 34541, Milnerton (1753m²) (2nd property)
  • Zoning status: Open Space 2

Auction Venue

AUCTION VENUE

THE ONE & ONLY HOTEL, V&A WATERFRONT, CAPE TOWN

AUCTION TIME

30/01/2019

12h30

Property Location

Property Info

GRASSO COURT, CNR 2 GIE & SITE 287 BLAAUWBERG ROADS, TABLE VIEW

CONTACT AGENT

Sanjeev Boyjoonauth

0712239552

ENQUIRE NOW

ON SHOW DATES

Saturday 19 January 2019, 2 - 5 pm

Sunday 27 January 2019, 2 - 5 pm