Going on Auction: Wednesday 26 June 2024
Reserve Price: R1 600 000.00 (All offers will be reviewed)
Expected opening bid: R1 500 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
STUDENT ACCOMMODATION - SALE BY VOLUNTARY AUCTION IN BELHAR!
Belhar is well sought for its location which is key for learners attending UWC and the University of Technology. This property is at 95% complete with renovations and ready for students who will be occupying as from the 13th of March 2024 as per the property manager. A weekly cleaning service is in place as well prepaid electricity and restricted water supply for consumption management. All rentals are managed by an agent. The property is WIFI
ready.
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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