Tenanted Block Of 22 Apartments – Great Investment

OPENING BIDS TO BE ADJUSTED ONE DAY PRIOR TO AUCTION.

ONLINE AUCTION

Bidding Start Time: Wednesday 27 August 2025 @ 09:00

Bidding End Time: Thursday 28 August 2025 @ 14:30

Registration is essential by Monday 25 August 2025.

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

For more information, please contact the listing agent.

DESCRIPTION:

• Fully let block of 22 apartments
• Fairly sized and nicely setup 1 or 2 bedrooms with lounge , kitchen and bathroom in each 
• Communal braai and entertainment area
• Secured parking available
• Rental income of ±R107,613 per month or ±R 1,291,356 per annum
• Great returns 14.5% yield

Pre-Auction offers excl. Claremart’s fee will be considered.

DETAILS:

• Erf no:  899, Vryburg
• Erf size:  2702m²
• Rates:  ±R7,276.20 per month
• Zoning:  TBC

Web Ref:  753643

VAT 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