Starting bid: R 5 499 000

This 28-room student accommodation is perfectly situated in Auckland Park, a bustling student hub. The property offers convenient access to major educational institutions, including the University of Johannesburg (UJ) Bunting Road Campus, UJ Auckland Park, Mancosa Auckland Park, and Wits University. It’s also close to Empire Road, providing easy access to the highway, making commuting a breeze.

Designed with cost-efficiency in mind, the building includes several initiatives to reduce utility costs:

- Borehole water: Ensures a sustainable water supply.
- Pre-paid electricity meters: Each section has its own meter, helping to manage and monitor electricity usage.
- Solar power: Provides energy-efficient lighting throughout the building.
- Common kitchen areas: Promote safety and convenience for all residents.
- Dedicated laundry room: Offers additional convenience for students.

This accommodation provides a comfortable and affordable living environment, ideal for students looking to focus on their studies while enjoying easy access to all necessary amenities.

± GLA: 944 m2 (bottom and top-floors) | Registered ERF Extent: 998 m2 .
Note that rates and taxes will be cleared upon transfer and new buyers will start on a clean slate.

Terms: No cash will be accepted. Bidders must provide original proof of identity, proof of payment of a R 30 000 registration fee and proof of residence on registration. No exceptions. All bids are exclusive of VAT. The AGENT may bid up to reserve on behalf of the sellers. Subject to change without notification.

Auction Information: Deposit 5% of bid price, Commission of 10% thereon of the bid price on the auction day. All offers are subject to a confirmation period. The rules of auction and conditions of sale are available from the AGENT.

Disclaimer: Whilst all reasonable care has been taken to provide accurate information, neither the AGENT nor the Seller/s guarantee the correctness of the information provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of the AGENT or the Seller/s or any other person. Read more...