4, Jubilee street, Kempton park, Gauteng, South Africa
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Auction
- Lot 38
- South Africa
- Commercial Building
- Commercial
Invited Opening Bid R2 800 000
Property Summary
- This sale is Subject to Confirmation by the parties involved.
- Erf extent 1338
- 1 garage per unit
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Property description
This centrally located estate offers a very peaceful and tranquil lifestyle. Located in the heart of Kempton Park, the residents of this place enjoy living in a small community of only 7 units .1 unit currently empty with net monthly rental of 6 units bringing in R32,464 plus recoveries.There are prepaid electricty and water meters.
Fully let annual net income is R455,000 per annum
Upside potential
The units are all duplexes. The ground floors have separate kitchens with ample cupboards, a guest toilet and a lounge with a back door that opens into a private garden and braai area, where residents can enjoy relaxing with friends and family.
Upstairs the units feature two bedrooms, each with built-in wardrobes. All units have balconies.The bathrooms have a basin, bath-tub and a toilet.The complex is secure and well maintained. The location is excellent within walking distance to all major amenities, easy access to main routes and a stone-throw away from a private hospital.
Please call our friendly agents for an exclusive viewing and more information.
- A 10% deposit and 5% auctioneers fee (plus VAT) is due and payable by the highest bidder once bidding has closed. See Legal tab for Special Conditions.
- Please note: All legal documents can be viewed by clicking on the ‘Legals’ tab above, in order for you to carry out due diligence in relation to the property. By doing so, this will also then ensure that you are continuously updated regarding any pricing changes on the property before the auction
VAT
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*Terms & Conditions
No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.
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You're the highest bidder!
As this sale is subject to confirmation, we will be in touch within the confirmation period to let you know if your bid has been accepted by the vendor.
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