A triple-storey, face-brick apartment, situated in Muizenberg, will be brought to auction by Rawson Auctions Western Cape.
A triple-storey, face-brick apartment, which has three spacious bedrooms and is situated in Muizenberg, will be brought to auction by Rawson Auctions Western Cape on July 26.
The ground floor comprises an entrance area, a large bedroom with an en-suite bathroom, a kitchenette and an automated garage, says Tanya Jovanovski, franchisee of Rawson Auctions Western Cape.
“This floor, excluding the garage, is currently being rented out for six months for R5 000 a month, and the rental income generated easily covers the levies and rates, which are R800 and R750 respectively.”
The second floor consists of a lounge that leads out to a small balcony, a dining room, and a kitchen with a serving window which looks out into the lounge, Jovanovski says.
The remaining two bedrooms are situated on the third floor, as are two bathrooms. The main bedroom has built-in cupboards and leads out to a large private balcony.
Jovanovski says both balconies offer spectacular ocean and mountain views.
“The apartment, in Royal Mews at 4 Royal Road, Muizenberg, also has a spacious 110m2 courtyard. This is an ideal spot for entertaining in summer.”
Jovanovski says Muizenberg has a rich history reflected in the architecture of the area, and a welcoming and friendly community.
The property to be auctioned is well-located within walking distance of all the amenities that Muizenberg has to offer.
“In my view, this apartment would be an ideal investment property to add to anyone’s portfolio,” Jovanovski says.
The auction will be by silent tender, with written offers to be submitted in sealed envelopes.
Tenders will close at noon on July 26.
The reserve price is R1.9 million, but all offers will be reviewed, she says.
The seller is not registered for VAT, and transfer duty will therefore be payable.
No registration fee is required to bid with Rawson Auctions. However, the buyer will be expected to pay a deposit of 5% of the purchase price, as well as 10%
commission plus VAT over and above the purchase price, to Rawson Auctions on the seller’s acceptance of the bid.
Bidders are required to be registered and must have with them certified copies of their identity documents and proof of residence.
All offers should be submitted on Rawson Auctions’ Offer to Purchase form, with its standard terms and conditions. A copy pf the offer to purchase form can be obtained by contacting the Rawson Auctions Western Cape office on firstname.lastname@example.org or 021 837 1700.
Bids can be delivered to the Rawson Property Group’s head office at 222 Main Road, Rondebosch.
For details or an appointment to view the property, call Ashleigh Mills on 082 452 0138, Sonja Visser on 081 270 5027 or Tanya Jovanovski on 021 837 1700.