Property SOLD at Auction – 63 Garcia Street, Cambridge, East London
Fire damaged Cambridge home – 4 x units on 1167m² erf, outstanding position for rentals
Follow our pointers from stop street – Corner Garcia St and Croydon Rd
DATE: 7 September 2016
TIME: 10:00am
VIEWING: By Appt or 1 Hour before auction.
RENOVATOR’S & INVESTOR’S DREAM
DIRECTLY ACROSS THE ROAD FROM CAMBRDIGE HIGH SCHOOL.
This property excites and comprises of 2 spacious semi-detached homes (Unit 1&2) consisting of 2 bedrooms, sun-room, lounge, fitted kitchen and bathroom.
Both units are almost identical in layout with the one being fire damaged.
The two flats (Unit 3&4) are separate and consist of bedroom, kitchen and bathroom.
A further unutilised outbuilding exists and could be converted to a studio flat size unit.
The swimming pool is fully enclosed and larger than normal. This property was producing R16600pm from 4 separate rentals to spread the risk.
WE LIKE:
- The demand for rental in this suburb and it’s central position.
- The pool offers further unexplored options such as a swimming lesson facility for kids / toddlers or aqua aerobics for adults.
- The High School across the road does not have a hostel.
Is it possible to attract out of town learners to reside on this property once you have spec’d it correctly?
We certainly look forward to your participation on Auction Day!
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.
043 7436355 / 0837892550 / admin@auctionone.co.za
Subject to change without notice
