Rawson Auctions Western Cape will, in an online disposal on July 15 at noon, call for bids for a lucrative three-dwelling property in Westgate with monthly rental potential of more than R14 000.
Tanya Jovanovski, the regional franchisee of Rawson in the Western Cape, says that when the reserve price of R1.26 million for the property is compared with recent sales of four-bedroomed properties in the area, which fetched around R900 000, the rental income for the property to be auctioned should cover bond repayments and yield a profit.
She says there are approved plans for an extension to the main house and to add a carport which could further increase rental or boost the property’s utility if the buyer wishes to occupy.
The dwellings comprise:
♦ The main house with two bedrooms, bathroom, lounge, dining room and kitchen.
♦ Accommodation in a separate entrance to the main house with en suite bedroom, kitchen and lounge.
♦ A separate bachelor pad with en suite bedroom and kitchenette. “The finishes in all the units are well-maintained.
The property has CCTV cameras and outside parking for seven to 10 vehicles, behind locked gates. Residents will also enjoy the property’s location – close enough to walk to the mall yet tucked away in a peaceful location in a reputable neighbourhood.”
Jovanovski says monthly rent for the main house is R6 000; the separate entrance option, R4 500 and the bachelor pad, R3 800. “But the rent for the bachelor pad could be much higher,” she said.
Westgate is a close-knit residential suburb in the greater Mitchells Plain area, bordering Schaapkraal to the west and Westridge to the east. It has easy access to schools and essential amenities and is just a short drive to Mitchells Plain town centre and the beach.
Residents can drive to the M7 within a matter of minutes. The reserve price is R1.26 million but all offers will be considered. For more information about the property, contact Kurt Johnson at 078 832 0499 or Tanya Jovanovski at [email protected] or 082 411 9599.
Bidding can be done by calling 079 980 3457, by email to [email protected] or online. Rawson’s online bidding platform requires pre-registration at www.instantproperty. co.za which lists auction terms and Fica requirements.
A completed registration, with ID and Fica documents, must be emailed to [email protected] and offers for the property submitted on Rawson Auctions documentation which is available online or by emailing [email protected] or phoning 079 980 3457.