SOLD AT Public Auction – 51 Longfellow Street Quigney, East London
DATE: 20 august 2014
TIME: 10:00 am
VIEWING: By Appointment, or 1 Hour before auction.
Auctioneers Note: Follow our pointers from the corner of Fitzpatrick Road and Longfellow Street.
5 BEDROOM HOUSE WITH 2 SOLID FLATS, CAN IT GET BETTER?
Most astute residential property investors know that there is rental demand for property in the Quigney.
The property we have for auction may be older, but the position is brilliant, being centralandwalking distance to the CBD, University, grocery storesandthe beach-front. With public transport right on your doorstep this has got to be a winner.
The house consists of 5 bedrooms, 2 bathrooms, kitchen, mini garageandstoreroom.
The 2 separate flats have been built in more recent yearsandeach includes 1 bedroom, cupboards, bathroomandkitchenette opening onto the lounge.
WE LIKE: This property falls in the Urban renewal zone, cosmetic work can increase rental revenue. Demand currently outstrips supply. We say bidding paddles up! Gross rent income R10 300 pm. Tenants pay electricity.
TERMS: 10% DEPOSIT, AUCTIONEERS COMMISSION & ADVERTISING COSTS PAYABLE ON DAY OF SALE.
Full terms & conditions of auction available for inspection.
Contact: Justin Rohtbart for particulars. 114 Moore Street, Quigney, East London.
