Suggested Opening Bid: R1 950 000
Exclusive Auction Mandate!
A rare opportunity to acquire a modern, fully let 5-unit double-storey townhouse complex in a highly sought-after rental area. This turnkey investment offers immediate rental income, secure living, and long-term growth potential.
Set on a generous 3,695 m² erf, each unit spans approximately ±200 m² and features quality finishes, open-plan living, and low-maintenance design—ensuring consistent tenant demand.
The complex currently generates R50,000 per month (R600,000 per annum) in gross rental income, making it an ideal acquisition for investors or individual buyers seeking a complete income-producing property.
Unit Features (Each Unit):
- 3 Bedrooms (main en-suite)
- 1 Full communal bathroom
- Fully fitted kitchen with granite countertops
- Built-in stove and oven
- Porcelain tiles throughout
- Open-plan lounge and dining area
±200 m² spacious layout
Complex Features:
- Inverter system
- Electric fencing and entrance gate
- Prepaid electricity and water
- 10 Covered carports
- Security room at entrance
- Separate servant’s quarters
- Outdoor braai area with garden views
- Decorative fountain
Location Highlights:
- Walking distance to shops, pharmacy, and fast-food outlets
- Close to primary and secondary schools
- Easy access to main roads and public transport
Investment Summary:
- 5 fully let units generating R600,000 per annum
- Secure, low-maintenance complex
- Strong rental demand area
Option to purchase individual units or the entire complex
All offers are encouraged. Submit an offer to stop the auction - loan or cash. Easy process to register to bid at auction. Auction via Online Bidding on our Website. Viewings can be arranged.
The Seller has chosen to make use of our nationally proven Non-Distressed Auction Platform For Serious Sellers.
Full Finance Options Available
Offers Accepted prior to Auction Day
All property reports available on request
The seller has a Non-Disclosed Reserve Price
Seller to arrange compliance certificates and rates clearance certificate for buyer
Auctioneers fee is payable over and above the purchase price. Subject to confirmation.