Lot 5 SS Saxony (19 sectional title flats sold as a unit), Durban

Property Enquiries

Teresa Wessels

teresa.wessels@bidx1.com
+27 (0) 21 140 3541
+27 (0) 68 549 6658

Viewing/ Registration Enquiries

BidX1 Support Team

info@za.bidx1.com
+27 (0) 21 140 3541 / +27 (0) 68 548 8733
Description
Map
Viewings

Property Summary
  • In association with South Africa's largest independent real estate company, Pam Golding Properties
  • This sale is subject to confirmation of acceptance by the Seller of the highest bid achieved
  • 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
  • Buyers Commission of 2% plus VAT will be applicable
  • 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 then ensure that you are continuously updated regarding any pricing changes on the property before the auction.
VAT
Please refer to Legal Documents

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.


Contact Teresa about this property