The upcoming auction of a three-bedroom, top-floor unit in a secure estate in Lakefield, Benoni, will offer bidders an excellent investment opportunity.
Tanya Jovanovski, franchisee of Rawson Auctions Western Cape, estimates the 63m² apartment in the Theda Oaks estate could potentially generate about R5500 a month in rental income.
The unit comprises three bedrooms, all of which are carpeted and have built-in cupboards; a bathroom; and an open-plan lounge and kitchen fitted with an oven, hob and built-in cupboards.
The estate offers residents access to a communal pool, a pool room and a garden, and security is provided by means of controlled access.
Jovanovski says: “Whether buyers choose to live in the unit or rent it out, they will get their money’s worth. Units of this kind are ideal accommodation for students or young professionals, so I anticipate this flat will be snatched up.”
The property will be auctioned at noon on October 10 at the Rawson Property Group’s head office at 222 Main Road, Rondebosch, Cape Town.
The seller is registered for VAT, and no transfer duty will therefore be payable.
There is no registration fee 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 can be obtained by emailing Rawson Auction Western Cape’s office at [email protected] or by calling 0218371700.
Bids can be delivered to the Rawson Property Group’s head office in Rondebosch.
For more details or to book an appointment to view the property, call Sonja Visser on 0812705027, Johan van Dyk on 0829016548 or Tanya Jovanovski on 0218371700.