ONLINE AUCTION
Bidding Start Time: Wednesday 26 March 2025 @ 09:00
Bidding End Time: Thursday 27 March 2025 @ 14:30
Registration is essential by Monday 24 March 2025.
Pre-Auction Offers may be considered. Auction Finance Available.
For more information, please contact the listing agent.
DESCRIPTION:
These types of opportunities don’t come around often. This sizable vacant stand has approved SITE DEVELOPMENT PLANS.
The plans consist of 2 options,
• For sell-off or normal rental model there are 114 Apartments.
• For student accommodation there are 98 units with 414 beds.
There is a massive shortage of student accommodation in the Western Cape. 15 minutes/7.8kms to the University of the Western Cape and 16 minutes/ 8.1 kms to Cape Peninsula university of Technology.
The location
is also ideal for affordable housing and in rental demand area making this an ideal opportunity.
Further information and plans on request.
Pre-Auction offers may be considered.
DETAILS:
• Erf no: 24022, Kuils River
• Erf size: 7127m²
• Zoning: Single Residential 1
PAYMENT TERMS:
2.5% Deposit & 10% Auctioneers fee (excl. VAT on fee); Payable on the fall of the hammer by means of EFT only. Balance payable on transfer.
REGISTRATION REQUIREMENTS:
To bid at the auction you need to provide a copy of your identity document and current proof of residence (not older than 3 months) as well as a R20,000 refundable registration fee.
DISCLAIMER:
The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Auctioneers. Bidders must conduct their own investigations prior to bidding.
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