Intro

We Have Sold The Property Situated At:

33 TENNYSON STREET, QUIGNEY, EAST LONDON.

MASSIVE SELL OUT!!! ENTIRE PORTFOLIO OF 10 X HIGH YIELDING PROPERTIES.

Video

Date and time

Date: 03 February 2021.
Time: 18:00 PM.
Venue: East London Golf Club.
Viewing: By Appointment.

ID & PROOF OF ADDRESS REQUIRED FOR REGISTRATION.

Description

  • 6 X IDENTICAL FLAT-LETS, EACH UNIT CONSITS OF 2 BEDROOMS, FITTED KITCHEN, BATHROOM, TILED AND ALLOY WINDOWS.
  • GROSS RENTAL WHEN FULLY LET IS R24 000.00 PER MONTH.

DESIGNED TO BE THE BEST OF THE BEST! AN INTRODUCTION TO OUR SELLER – I CALL IT THE STORY.

Milton Thesen is a very clear thinking, straight-talking individual with a keen eye for opportunity and return on investment. It’s no wonder he has been the pioneer of exceptional business and property success with his entrepreneurial values and positive attitude.

After purchasing their first residential room rental investment type property in 2007 to assist staff with accommodation the penny dropped.

Whilst renovating this particular property, Thesen was absolutely astonished by the daily requests from passing foot traffic for rental accommodation.

The combination was perfected with Thesen’s son Simon joining the family property interest and being responsible for improving and “Manufacturing” the most comfortable, high standard and lucrative turn-key residential room rental type properties known to myself within East London as they amassed a sizable rental portfolio of around 150 rooms in a short timeframe.

THE PROPERTIES – THE SMALL EXTRAS THAT MAKE A HUGE DIFFERENCE TO BOTH TENANTS AND LANDLORDS.

The variety of accommodation on offer includes self-contained flats of various sizes, rooms and freestanding bungalow units.

Hygiene is paramount and each property is serviced once weekly by a private refuse removal company with the common area’s being cleaned and sterilized to a particular standard. Expect to see functional communal kitchens with built-in pre-paid meter stoves, communal bathrooms of various sizes neatly tiled.

Most of the properties include solar geysers, the majority of the rooms / flats all have their own individual pre-paid electricity meters.

Security is top-notch and where possible some of the properties allow for on-site vehicle parking, come see for yourself.

As low maintenance where possible with tiling on the interiors and loads of concrete work on the exterior. Can you improve on these rental return machines?

CLOSING TIME – KNOWING WHEN TO STEP OFF THE BOAT.

It’s a genuine sale!

At the age of 65 Thesen has retired due to medical reasons, spends 3 days a week at his holiday home, handed over their main business to his more than capable son Simon, still rides a Jet Ski at least once a week.

If you know the man, you know he does it right the first time and their family recipe is simple! Be humble, work hard, play hard and enjoy life to the fullest!

Over the years the Thesen family purchased many properties from myself and my late father.

Quite fitting that these properties have once again returned to myself, now substantially transformed and ready to be handed to the next Investor.

As I said in the Sub Heading It’s the BEST of BEST!

Which property will be on your list for purchase?

Images

Documents

Terms

TERMS:

10% DEPOSIT, AUCTIONEERS COMMISSION & ADVERTISING COSTS PAYABLE ON THE FALL OF THE HAMMER.

Full terms & conditions of auction available for inspection at our offices.

Contact: Justin Rohtbart for particulars.
114 Moore Street, Quigney, East London.

043 743 6355 / 083 789 2550 / admin@auctionone.co.za / justin@auctionone.co.za.

Subject to change without notice. Right of admission Reserved.