19 Sectional Title Flats

12th May 2021

12th May 2021

10:00 am To 11:00 am

Durban, South Africa

https://bidx1.com/en/en-za/auction/properties/1528

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Event Description

19 Sectional Title Flats Sold as a Unit in Esplanade Durban.

Property Summary
  • In association with South Africa’s largest independent real estate company, Pam Golding Properties
  • This sale is subject to confirmation
  • Building size: 968 m²
  • Levies: R22,675 per month
  • Rates and Taxes: R4,210 per month
Description

Calling all investors

Magnificent opportunity to own 19 apartments in a sectional title block of 63 units offer a nett return that comfortably exceeds 11%. All units are in fair to renovated condition. The portfolio consists of the following: 9x 42sqm bachelor units 5x 58sqm one bedroom units 5x 60 sqm one bedroom units Current gross rental income is R86,350 per month, levies R22,674, rates R4,207. Total nett income: R59,469. All rental agreements are available for due diligence, subject to buyers successfully registering on the lot as a bidder.

Accommodation
  • Main bedroom with built-in cupboards and tiled floors
  • Bedroom 2 with built-in cupboards and tiled floors
  • Bedroom 3 with built-in cupboards and tiled floors
  • Bedroom 4 with built-in cupboards and tiled floors
  • Bedroom 5 with built-in cupboards and tiled floors
  • Bedroom 6 with built-in cupboards and tiled floors
  • Bedroom 7 with built-in cupboards and tiled floors
  • Bedroom 8 with built-in cupboards and tiled floors
  • Bedroom 9 with built-in cupboards and tiled floors
  • Bedroom 10 with built-in cupboards and tiled floors
  • Bedroom 11 with built-in cupboards and tiled floors
  • Bedroom 12 with built-in cupboards and tiled floors
  • Bedroom 13 with built-in cupboards and tiled floors
  • Bedroom 14 with built-in cupboards and tiled floors
  • Bedroom 15 with built-in cupboards
  • Bedroom 16 with built-in cupboards and tiled floors
  • Bedroom 17 with built-in cupboards and tiled floors
  • Bedroom 18 with built-in cupboards and tiled floors
  • Bedroom 19 with built-in cupboards and tiled floors
  • Bathroom 1 with basin, bath and toilet
  • Bathroom 2 with basin, bath and toilet
  • Bathroom 3 with basin, bath and toilet
  • Bathroom 4 with basin, bath and toilet
  • Bathroom 5 with basin, bath and toilet
  • Bathroom 6 with basin, bath and toilet
  • Bathroom 7 with basin, bath and toilet
  • Bathroom 8 with basin, bath and toilet
  • Bathroom 9 with basin, bath and toilet
  • Bathroom 10 with basin, bath and toilet
  • Bathroom 11 with basin, bath and toilet
  • Bathroom 12 with basin, bath and toilet
  • Bathroom 13 with basin, bath and toilet
  • Bathroom 14 with basin, bath and toilet
  • Bathroom 15 with basin, bath and toilet
  • Bathroom 16 with basin, bath and toilet
  • Bathroom 17 with basin, bath and toilet
  • Bathroom 18 with basin, bath and toilet
  • Bathroom 19 with basin, bath and toilet
  • Kitchen 1 with tiled floors, melamine finishes and wood finishes
  • Kitchen 2 with tiled floors, melamine finishes and wood finishes
  • Kitchen 3 with tiled floors, melamine finishes and wood finishes
  • Kitchen 4 with tiled floors, melamine finishes and wood finishes
  • Kitchen 5 with tiled floors, melamine finishes and wood finishes
  • Kitchen 6 with melamine finishes and wood finishes
  • Kitchen 7 with tiled floors, melamine finishes and wood finishes
  • Kitchen 8 with tiled floors, melamine finishes and wood finishes
  • Kitchen 9 with tiled floors and wood finishes
  • Kitchen 10 with tiled floors and wood finishes
  • Kitchen 11 with tiled floors and wood finishes
  • Kitchen 12 with tiled floors and wood finishes
  • Kitchen 13 with tiled floors and wood finishes
  • Kitchen 14 with tiled floors and wood finishes
  • Kitchen 15 with tiled floors and wood finishes
  • Kitchen 16 with tiled floors and wood finishes
  • Kitchen 17 with tiled floors and wood finishes
  • Kitchen 18 with tiled floors and wood finishes
  • Kitchen 19 with tiled floors and wood finishes
  • Living room 1 with tiled floors
  • Living room 2 with tiled floors
  • Living room 3 with tiled floors
  • Living room 4 with tiled floors
  • Living room 5 with tiled floors
  • Living room 6 with tiled floors
  • Living room 7 with tiled floors
  • Living room 8 with tiled floors
  • Living room 9 with tiled floors
  • Living room 10 with tiled floors
  • Living room 11 with tiled floors
  • Living room 12 with tiled floors
  • Living room 13 with tiled floors
  • Living room 14 with tiled floors
  • Living room 15 with tiled floors
  • Living room 16 with tiled floors
  • Living room 17 with tiled floors
  • Living room 18 with tiled floors
  • Living room 19 with tiled floors
  • Slate roof
  • Face brick walls
  • Aluminium windows
  • General building features including elevator
  • Wall boundary
  • 24 hour manned security including burglar bars and security gates
  • Cellular coverage and electricity

Organizers

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