12 Flats On auction With Tennants

Bethal Rand Property Auction

The property consists of 12 units. 4 x 2 bedroom , 4 x 1 bedroom and 4 x studio flats.

The property was originally developed to perform as a guest lodge but changed later

to rent out for a fixed monthly income because the owners have relocated to the coast.

The stand size is 1635 m2.Under roof area is 650 m2. The property has not yet

been rezoned for sectional title(res3) and needs to be done if you want to sell the

units individually. The plans are up to date by the municipality except a few internal changes.

Take home rental income is R350 000 p.a. after water and rates. The property will pay

for it self in 6 – 8 years depending on the auction price. This is an excellent

investment property and it has sustained the owner for many years.

All the units currently have tenants.

As a guest lodge, income could and would be in excess of 1 mil profit p.a due to all

the mines , power stations etc. in the area where it could pay for its self within 2-3

years. A list of the contact details for the accommodation placement agencies for the

contractors can be provided, if you consider starting a guest lodge.

Feel free to ask questions, contact me on 0760307766 / 0842387030 to arrange viewing.E-mail me on indlu.inn@gmail.com and I will forward you the whole document with all the details, photo`s, plans, etc.

Happy Bidding.

Bidding Rules:

Only bid if you have cash or can secure a bank loan over the property. Time wasters

will be dealt with legally.

A 5% deposit on the signing of the contract.

Balance or bank guarantee in 30 days to the transfer lawyers for safe keeping.

The property is sold “voetstoots”

Please view the property and inspect before bidding.

Unit 1

63 m2

2 bedrooms

1 bathroom

Open plan Kitchen – Lounge

Double Garage

1 Visitor Parking

60 m2 private courtyard

Value: R385000

Rent income with existing tenants: R3350.

Unit 2

63 m2

2 bedrooms

1 bathroom

Open plan Kitchen – Lounge

Double Garage

2 Visitor Parking

21 m2 private courtyard

Value: R375000

Rent income with existing tenants: R3350.

Unit 3

63 m2

2 bedrooms

1 bathroom

Open plan Kitchen – Lounge

Double Garage

2 Visitor Parking

21 m2 private courtyard

Value: R375000

Rent income with existing tenants: R3350.

Unit 4

32 m2

1 bedrooms

1 bathroom

Open plan Kitchen – Lounge

Single Garage

1 Visitor Parking

10 m2 private courtyard

Value: R275000

Rent income with existing tenants: R2500

Unit 5

32 m2

1 bedrooms

1 bathroom

Open plan Kitchen – Lounge

1 Parking

1 Visitor Parking

10 m2 private courtyard

Value: R260000

Rent income with existing tenants: R2350

Unit 6

63 m2

2 bedrooms

1 bathroom

Open plan Kitchen – Lounge

Double Garage

2 Visitor Parking

48 m2 enclosed Patio

58 m2 private courtyard

Value: R445000

Rent income with existing tenants: R3800

Unit 7

17 m2 Bachelor pad

1 bathroom

Open plan Room, Kitchen, Lounge

1x Parking

1x Visitor Parking outside the gate

Value: R185 000

Rent income with existing tenants: R1750

Unit 8

25 m2

1 bedrooms

1 bathroom

Open plan Kitchen – Lounge

1 Parking

1 Visitor Parking outside the gate

Value: R225000

Rent income with existing tenants: R2100

Unit 9

22 m2

Bachelor pad

1 bathroom

Open plan Room, Kitchen, Lounge

1x Parking

1x Visitor Parking outside the gate

Value: R195 000

Rent income with existing tenants: R1850

Unit 10

22 m2

Bachelor pad

1 bathroom

Open plan Room, Kitchen, Lounge

1x Parking

1x Visitor Parking outside the gate

Value: R195 000

Rent income with existing tenants: R1850

Unit 11

25 m2

1 bedroom

1 bathroom

Open plan Kitchen – Lounge

1 Parking

1 Visitor Parking outside the gate

Value: R225000

Rent income with existing tenants: R2100

Unit 12

17 m2

Bachelor pad

1 bathroom

Open plan Room, Kitchen, Lounge

1x Parking

1x Visitor Parking outside the gate

Value: R185 000

Rent income with existing tenants: R1750