We Will Offer For Sale By Public Auction The Property Situated At:
2 RIVER STREET, SCHORNVILLE, KING WILLIAMS TOWN, EC.
- Date: 19/03/2025.
- Time: 18:00 PM.
- Venue: East London Golf Club.
- Viewing: By Appointment.
ID & proof of residence required for registration.
WATCH THE YOUTUBE VIDEO HERE
AUCTIONEERS NOTE – 2 X UNITS ALREADY TENANTED, 2 X UNITS NEEDING REPAIR AND RENOVATION, THIS IS A CASH FLOW KING!
Residential Rental Investment Opportunity: Four Low-Maintenance Clinker Brick Units on One Erf!
If residential property rental return is your goal, then look no further than this incredible investment opportunity! Situated on one erf, this property comprises of four low-maintenance clinker brick units. Two of the units are currently generating a steady rental income of R3800.00 per month per unit, with each unit having its own prepaid electricity meter, while the other two units require renovation and refurbishment – offering a chance to add value and increase future returns.
Ideally located close to the King William’s Town CBD, this powerful rental property benefits from a prime position. Each unit features a spacious open-plan lounge leading to a fitted kitchen, two bedrooms, and a family bathroom, flooring is tiled throughout. Excellent security is provided with burglar-proofing, burglar gates, and Clearview type fencing securing the perimeter of the property, offering peace of mind for tenants.
This is a serious matter, being part of a deceased estate that needs to be finalised. Don’t miss out on this opportunity to secure a property with four flat-lets on one erf. We look forward to welcoming you to our auction and helping you take the next step toward becoming a successful property owner.
Contact Justin Rohtbart For More Information – 083 789 2550.
Seller Disclosure.
TERMS:
10% DEPOSIT, AUCTIONEERS COMMISSION & ADVERTISING COSTS PAYABLE ON THE FALL OF THE HAMMER. Full terms & conditions of auction available for inspection at our office. Subject to change without notice. Right of admission reserved.
