Going on Auction: Wednesday 26 February 2025
Reserve Price: R1 300 000.00. (All offers will be reviewed)
Expected opening bid: R1 250 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
Two-bedroom house. Two family bathrooms. Open plan lounge and dining room. Fully fitted kitchen. Bachelor flatlet. Fully paved yard. Double garage with secure parking for three vehicles. Approved plans for a double storey. Current rental income R12 000.00 per month. Lease expires 30 November 2025. Suspensive condition; late estate, subject to master’s approval.
Rawson Auctions (Southern Region) are obligated by law to market the property at the Reserve Price as listed herein. A “Reserve Price” is a minimum Rand
amount the Seller will accept as the winning bid, and is not necessarily the property’s market value, nor the amount the property is likely to be sold for on the day of the auction. The Seller reserves the right to consider all offers.
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