Excellent investment offering great returns. (I can provide serious buyers with recent income records)
22 November on the Auction-All website.
There is a refundable deposit of R5000 required to take part in the auction.
Price excludes 15% VAT.
There is a 10% Buyers Premium on top of the winning bid amount.
A 10% Deposit is required for the winning bidder to secure the property.
There are 16 identical cottages.
Each cottage has:
– 2 Bedrooms
– 1 Bathroom
– Modern Kitchen and Living room
– Under-roof parking space
– Air conditioner
– Prepaid electricity
– Outside Gas as connection
– Braai Area
– Washing line
The cottages are almost all fully occupied. There is a two-year contract with the local mine to provide housing for their employees with the option to extend the lease later. Four of the Cottages are currently being rented out privately by local residents. I can provide interested investors with a contact person who handles the mine rentals.
The property consists of two pieces of land Erf 4566 & 4667 and is owned jointly by a company. The reason for selling is that the owners want to make funds loose for another investment.
The estate has:
– Two main entrances
– CCTV cameras at both entrances and around the perimeter.
– Electric fencing around the entire grounds.
Each loose-standing house is split into two identical cottages each having the features above.
The strand has sufficient space to build additional cottages to be rented out.
There is a separate staff building with a workshop, bedroom, and bathroom. Perfect to use as accommodation for the groundskeeper or owner to sleep over.
The property is situated in an excellent location close to the main road.
I will put together a package that I can send to serious buyers to present you with all the information I have gathered regarding the viability of this investment.