A five-bedroom house in a good location in Sea Point will be coming up for auction on February 27, offering potential homeowners the chance to renovate and create a dream home, or investors an excellent development opportunity.
This is according to Tanya Jovanovski, franchisee of Rawson Auctions Western Cape, which will handle the sale of the 495m² property at 3 Albany Road in the popular Atlantic seaboard suburb.
“What makes this property such an attractive proposition is that it is zoned GR4, offering potential buyers a multitude of development opportunities," she says.
Jovanovski says a full list detailing what the GR4 zoning allows will be provided on request.
The property will be auctioned at noon on February 27, at the Rawson Property Group’s head office at 222 Main Road, Rondebosch.
The reserve price is R7million, but all offers will be reviewed. The seller is registered for VAT, so transfer duty will not be payable.
Offers should be submitted on Rawson Auctions’ Offer to Purchase form, a copy of which can be obtained by contacting [email protected] or 0218371700.
For more details, call Karen Petersen on 0834950987 or Tanya Jovanovski on 0847627195.