104 Acre Rd, Kensington, Cape Town, Western Cape, South Africa
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Auction
- South Africa
- House
- Residential
Invited Opening Bid R2 200 000
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Property Summary
- This sale is Subject to Confirmation by the parties involved
- 104 Acre Rd, Kensington, Cape Town, Western Cape
- ERF Size: 543 m²
- Rates: Approx R1 500pm
- The Purchaser is required to acquaint themselves with the property and all matters related thereto, including but not limited to its condition, location, and any improvements thereon.
- The Purchaser must further familiarise themselves with the terms and conditions applicable to this Lot by clicking on the Legal tab below.
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Property description
Investment Overview
• Main house PLUS 3 additional 1-bedroom units
• Each additional unit includes a kitchen and shower
• Current rental income: Exceeds R34,000 per month
• Tenanted – earn from day of transfer
• Strong rental demand in the area
Main House
• 2 Spacious bedrooms - master suite with walk in closet
• Brand-new modern kitchen with gas stove and double oven
• Open plan lounge and dining area
• Swimming pool for private use
• Generous yard space - paved
Additional Units - 3 x 1 Bedroom Flats
• 1 Bedroom per unit
• Kitchen in each unit
• Shower and toilet in each unit
Double garage plus parking for 3 cars in the yard
• Close to main transport routes
• Near schools and everyday amenities
• High-demand rental suburb
Property Benefits
Each unit has it's own pre paid electricity meter
• Immediate cash flow
• Ideal for investors building a portfolio
• Opportunity to increase returns with minimal to no improvements
• Flexible configuration – live in the main house or rent out entirely
Location
Situated in the Northern suburbs of Cape Town
Accommodation
Two bedroom main house PLUS 3 x one bedroom units.
Rental Income
Main House - R15 000pm
Unit 1 - R5 800pm
Unit 2 - R7000pm
Unit 3 - R6900pm
Additional Details
A 10% deposit and 5% auctioneers fee (plus VAT on fee) 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 ensure that you are continuously updated regarding any pricing changes on the property prior to auction.
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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
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If you have purchased a property in the UK or Ireland, you'll need to pay the remainder of your deposit via My Account.
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.
If you have any questions in the meantime, we're here to help: