19 Saldanha Street, Ruytewacht, Cape Town, Western Cape, South Africa
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Auction
- South Africa
- Public House
- Residential
Invited Opening Bid R4 800 000
Book Viewing
Property Summary
- This sale is Subject to Confirmation by the parties involved
- Please ensure that you familiarise yourself with the Conditions of Sale, Rules of Auction, and all other legal documentation available under the "Legals" tab below. By registering and placing a bid, you acknowledge that you have read and understood these documents and agree to be bound by their terms and conditions.
- 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.
- 19 Saldanha Street, Ruytewacht, Cape Town, Western Cape
- ERF Size: 476 m²
- Rates: Approx R5000 incl water
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Property description
Established Accommodation Income | Approx. R100,000 Monthly Revenue
A great opportunity to acquire a well-established income-generating residential accommodation property with a proven monthly income stream.
Currently owner-occupied and operated as a short-term and long-term rental accommodation, this versatile property offers immediate income potential and an existing client base, including corporate stays, local travellers and international visitors.
Accommodation Breakdown
12 Rooms in Total
4 x Studio Units
• Private en-suite bathrooms
• Dedicated study / work desk areas
6 x Double Rooms
2 x Single Rooms
Shared Facilities
• Communal kitchen
• Communal lounge / chill area
• Laundry facilities with washing machines
Property Features
• Paved outdoor parking area
• JoJo water tank
• Wellpoint
• Prepaid electricity
• CCTV camera system
• Electric fencing
Monthly Running Costs (Approx.)
• Rates & Water: R5,000pm
• Cleaner: R4,000pm
• Electricity: ±R1,500pm
Investment Highlights
• Established and operational rental income stream
• Average gross income of ±R100,000 per month
• Diverse accommodation model (short-term and longer stays)
• Existing furniture can be included
• Immediate continuation of income possible
Important Disclosure
Additional Nu-Tec rooms have been added to the property to increase its accommodation capacity. Building plans have been submitted to Council and are currently pending approval. Purchasers are to satisfy themselves in this regard. Should approval not be finalised by transfer, the seller shall not be held liable.
Location
Ruyterwacht is a northern suburb of Cape Town, South Africa, bordering the industrial area of Epping and the Elsie's River as well as the GrandWest Casino.
Accommodation
12 Rooms, 6 bathrooms
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.
VAT
Additional Information
The puchaser is required to provide the Certificates of Compliance
Helpful links
*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.
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: