Huge Development Opportunity Or Multi-let On Prime Main Road

OPENING BIDS TO BE ADJUSTED ONE DAY PRIOR TO AUCTION.

ONLINE AUCTION

Bidding Start Time: Tuesday 29 April 2025 @ 09:00

Bidding End Time: Wednesday 30 April 2025 @ 14:30

Registration is essential by Friday 25 April 2025.

Pre-Auction Offers may be considered.  Auction Finance Available.

For more information, please contact the listing agent.

DESCRIPTION:

Huge 1399m² Land with large home offering:

• Subdivision possibilities
• Can be rezoned for business, mixed use or residential apartment development.
• Ideal for business as on main road with high traffic exposure.

CURRENTLY OFFERS:

• 4 Bedrooms
• 2 Bathrooms
• Lounge and dining
• Fitted kitchen
• Possible multi-let for income generation.

Rental income R44,000 per month or R528,000 per annum.

DETAILS:

• Erf No:  61557, Cape Town
• Erf Size:  1399m²
• Rates:  TBC
• Zoning:  Single Residential 1

Web Ref:  727624

Transfer Duty Applicable

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.

Sanjeev Boyjoonauth | 066 054 2211 | 021 425 8822 | sanjeev@claremart.com

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: info@claremart.co.za