Auction News
Auction Item > Prime Atlantic Seaboard Property, Green Point
Auction Date: 21-02-2012 @ 11h30
| Item: | Prime Atlantic Seaboard Property, Green Point |
| Auction: | Prime Atlantic Seaboard Property, Green Point |
| Location: | Western Cape / Cape Town |
| Auctioneer: | Julius Buchinsky Group |
view gallery Auction Venue:
21 Ravenscraig Road, Green Point
Description:
PRIME ATLANTIC SEABOARD PROPERTY FOR REDEVELOPMENT
A DEVELOPER'S DREAM
* Erf 832 measuring approx 501 square metres
* Zoning: General Residential R3
* Bulk factor - 1.2, height restriction - 7 storeys, coverage - 50%.
* Annual rates approx. R17,952.00
* Currently operating as a guesthouse/backpackers with between R50,000 and R70,000 per month.
* Guaranteed income stream, all development holding costs will be accounted for.
* Situated in such a position that there is an entrance/exit from two sides.
* 9 rooms all currently tenanted on a month to month basis.
* On-site parking for 6 vehicles.
Contact: Ron Shaked on 083 601 8272
Viewing: Strictly by appointment
Registration: Day of auction
Requirements: Valid ID & Proof of Residence
Terms: 5% deposit plus auctioneer's fee on acceptance
A DEVELOPER'S DREAM
* Erf 832 measuring approx 501 square metres
* Zoning: General Residential R3
* Bulk factor - 1.2, height restriction - 7 storeys, coverage - 50%.
* Annual rates approx. R17,952.00
* Currently operating as a guesthouse/backpackers with between R50,000 and R70,000 per month.
* Guaranteed income stream, all development holding costs will be accounted for.
* Situated in such a position that there is an entrance/exit from two sides.
* 9 rooms all currently tenanted on a month to month basis.
* On-site parking for 6 vehicles.
Contact: Ron Shaked on 083 601 8272
Viewing: Strictly by appointment
Registration: Day of auction
Requirements: Valid ID & Proof of Residence
Terms: 5% deposit plus auctioneer's fee on acceptance
Item Specifications:
| Bedrooms: | 9 |
| Property Address: | 21 Ravenscraig Road, Green Point |
| Monthly rates: | R1,496.00 |
