Going on Auction: Wednesday 26 February 2025
Reserve Price: R3 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)
Investment property earning passive rental income from three houses, two flatlets and factory/warehouse/workshop. Entertainment area. Extensive lawns with established trees. Potential rental income R51 000.00 per month. 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 property’s 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.
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