URGENT DECEASED ESTATE AUCTION: Massive 600m² Renovator's Dream with Flatlets!
Opening Bid: R 800,000
Estimated Post-Renovation Value: ± R 1,500,000
Description:
Opportunity of a Lifetime on Rosedale Road!
Acting on the instruction of the executors, this massive, nearly 600sqm under-roof property is going to auction. Whether you are a large family looking for space to grow, or a savvy property flipper seeking an exceptional ROI, this sprawling estate offers unmatched potential.
With multiple dwellings, incredible entertainment spaces, and a heavily discounted opening bid, this is your chance to restore a grand property to its former glory.
The Main Residence
The main house boasts:
Living Areas: A generously sized lounge featuring a beautiful fireplace, flowing into a dedicated dining room.
Kitchen: Spacious layout complete with a separate scullery and a walk-in pantry.
Entertainment Area: A phenomenal indoor entertainment area featuring sliding doors, a built-in indoor braai, and a bar area.
Bedrooms & Bathrooms: 3 large, well-proportioned bedrooms. The home is serviced by a full family bathroom (bath and shower) and a convenient separate guest toilet.
Extras: An enclosed balcony offering peaceful views over the garden.
Income-Generating Flatlets
Perfect for extended family, guest accommodation, or generating substantial rental income to subsidize your bond:
Flatlet 1: A complete, separate flat featuring a large lounge, full kitchen, bedroom with built-in cupboards, and an en-suite bathroom.
Flatlet 2: A neat, character-filled rondavel flatlet.
Grounds and Storage
Dual Gardens: A sprawling backyard plus a separate front garden featuring its own independent gate access.
Security: The property is fully walled with alarm beams all around and cameras in place.
Storage & Parking: Incredible storage options including a lunder-house storeroom, a garage/second storeroom, and an additional adjoining wooden storeroom.
The Investment Angle (Condition of Property)
Please Note: The property is currently vacant. It has unfortunately been subject to vandalism and requires a buyer with vision. The electrical wiring and plumbing/piping will need dedicated attention to restore power and water to the home.
Because of this, we are starting the bidding at an incredibly low R800,000. Once the necessary reinstatements and modernizations are complete, the estimated valuation of this massive home sits closer to R1.5 Million.
Bring your contractor, crunch the numbers, and do not miss out on this exceptional auction event.
Contact us today to arrange a viewing and register for the auction!