BODORP, GEORGE – A RARE “HEN’S TEETH” OPPORTUNITY! PRIME POSITION, RENOVATION POTENTIAL & AUCTION ON SITE

Renovate, add value and unlock the potential!

55 STOCKENSTROOM STREET, DODORP, GEORGE

Opportunities like this are few and far between. Situated in the sought-after suburb of Bodorp.

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AUCTIONEER’S NOTE: Renovate, add value and unlock the potential. Sold subject to existing lease.

Opportunities like this are few and far between. Situated in the sought-after suburb of Bodorp, this property offers a rare chance to secure a free-standing residential erf in an excellent position in George.

Set on a 361m² erf, the home offers approximately 135m² of accommodation, comprising two well-sized bedrooms with built-in cupboards, a separate bathroom and toilet, a lounge, dining room and kitchen. A freestanding single garage of approximately 20m² completes the improvements.

The home has an interesting U-shaped layout, creating a central courtyard and a practical flow between the living spaces. The lounge opens through sliding doors onto a private garden with a built-in braai, while the dining room connects to a partially open-plan kitchen with access to an enclosed rear courtyard.

While the property appears structurally sound, it is in a poor state of repair and requires substantial refurbishment. This presents an opportunity for a buyer to renovate and modernise the home to their own specifications, unlock its potential and capitalise on its excellent location.

The property is registered as a free-standing erf and is zoned Residential Zone I. Although the lounge wall is shared with the neighbouring property, the erf is separately registered.

IMPORTANT INVESTMENT CONSIDERATION: The property is currently occupied under an existing lease, with approximately two years remaining. The successful purchaser will acquire the property subject to the existing lease. For details regarding the current rental, please contact the auctioneer.

Properties of this nature and in this position rarely reach the open market. Whether you are an investor or a buyer looking for a renovation project in a prime George location, this is a genuine “hen’s teeth” opportunity.

Description:

• Free Standing Home (Full Title)
• ERF Size: 361m²
• Building Size: approx. 150m² (floor space)
• Zoning: Single Rez Zone 1
• Monthly Rates:     R 413 p/month

For further enquiries please contact: Greg King 084 556 6166

Auction Terms Summary:

• Onsite Bidder Registration is to be completed at the property before the Auction starts.
• 10% deposit, plus Auctioneer’s Fees (6%) and Advertising fee of R10,000 payable on the fall of the hammer.
• Auction Subject to Seller’s acceptance. Closure on a divorce matter, highly motivated.
• All compliance certificates for transfer will be for the Purchaser’s account and responsibility.
• Property sold with existing lease in place.
• Rates will remain the responsibility of the seller until transfer; the purchaser will assume responsibility on a pro-rata basis after transfer.
• Rates account and Property Disclosure available for download off our website.
• Full terms and conditions available for review on request.

Subject to change without notice. Right of admission reserved.

For further information or to arrange a private viewing, contact our offices today.

CONTACT US

GREG KING – 0845566166

PROPERTY PHOTOGRAPHS