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MASSIVE OPPORTUNITY !! BELOW MARKET VALUE FOR INVESTORS

Durbanville Hills, Durbanville

ZAR - 0

REF - 292440

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Property Description

URGENT SALE Guide Price R 3 650 000 - R 4 650 000 ONLINE BIDDING ONLY Bidding Times: Wednesday 30 September 2020 @9am – 4pm Registration is essential before Tuesday 29 September @ 2pm For more information please contact the listing agent. Description: PRE-AUCTION OFFERS WELCOME!! UNIQUE INVESTMENT OPPORTUNITY WITH GREAT INCOME POTENTIAL. Situated in the up-market suburb of Durbanville Hills, overlooking spectacular views of the Boland Mountain range and positioned close to all amenities. This corner property offers an extraordinary prospect for the keen buyer. The property consists of: - 11 fully serviced bedrooms with 11 en-suite bathrooms - Each room is self-sufficient and serviced (BIC, Wi-Fi, TV, workspace, beverage area) - Fully equipped kitchens and a laundry room - Built-in bar area with views - Lounge and dining areas with views - Enclosed shared gardens and patio areas - Large swimming pool - Double garage and plenty of additional parking for more cars - Burglar bars, security gates, access-controlled points - Secured and protected by CCTV and alarm linked to Security Company - Communal Entertainment areas and Lapa set up - Additional plans, zoning certificate, etc available on request - Option for movables can be arranged Currently being operated as an established guest house but ideal for conversion into multi-let income units OR suitable to the owner-occupier looking to operate office spaces or student accommodation. Estimated potential gross rental income of +/- R660,000 per annum (8 rooms x R4500 p.m, 1 room x R5000 p.m, 1 room x R6000 p.m, 1 room x R8000 p.m) SHOW DAYS: View By Appointment Details: Erf no: 1923 Erf size: 1269m² 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.

Agents Details

Sachin Boyjoonauth

Agent

Sachin Boyjoonauth

Cell

068 259 2425

Email

sachin@claremart.co.za

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Property Details

R = Result

Area

Durbanville

Property Type

House

Suburb

Durbanville Hills

Reference

292440

Erf Size

1269

Residence sq M

0

Rates & Taxes

3024.75

Levy

0

General Accommodation

Bedrooms
11
Bathrooms
11
Garages
2
Lounges
2
Dining Rooms
1

Additional Features

  • Built-in Cupboards

  • Built in Bar

  • Burglar Bars

  • Close Circuit TV

  • Common Pool

  • Fireplace

  • Intercom

  • Garden

  • Guest Toilet

  • Lapa

  • Laundry

  • Mountain View

  • Patio

  • Scullery

  • Security Bars

  • Staff Accommodation

Comments

Notes

Property Address : 4 Nerina Street Durbanville Hills Durbanville