House on Auction in Silvertown

Description

LIVE & ONLINE AUCTION Auction Time & Date: Wednesday 8 July 2026 @ 12:00 Registration: Online & On-site. Venue: The DHL Stadium, Business Lounge G, Fritz Sonnenberg Road, Green Point, Cape Town For more information, please contact the listing agent. DESCRIPTION: Calling all investors looking for solid returns! Earn up to 16% net return on this fully tenanted investment property in Athlone. Secured rentals and steady long-term tenancy that make your money work for you. • Gross income ±R34,000 pm (±R408,000 p.a) • Expenses ±R4,000 pm (±R48,000 p.a) • Net income ±R30,000 pm (±R360,000 p.a) Property Features: • Unit 1 – Rental ±R8,000 pm = 2 Bed, 1 bath, 2 lounges, garage parking for 2 vehicles • Unit 2 – Rental ±R6,000 pm = 2 Bed, 1 bath, open-plan kitchen & lounge • Unit 3 – Rental ±R4,000 pm = 1 Bed, 1 bath, 1 kitchen, open-plan lounge • Unit 4 – Rental ±R4,000 pm = 1 Bed loft, 1 bath, 1 kitchen, open-plan lounge • Unit 5 – Rental ±R4,000 pm = 1 Bed loft, 1 bath, 1 kitchen, open-plan lounge • Unit 6 – Rental ±R4,000 pm = 1 Bed, 1 bath, 1 kitchen, open-plan lounge This larger-than-average multi-let property also includes a 35m² swimming pool. Contact Sachin today. DETAILS: • Erf no: 120235, Cape Town • Erf size: 474m² • Zoning: Single Residential 1 PAYMENT TERMS: 2.5% Deposit & 10% Auctioneers' fee (excl. VAT on fee); Payable on the fall of the hammer by means of EFT only. Balance payable on transfer. REGISTRATION REQUIREMENTS: To bid at the auction, you need to provide a copy of your identity document and current proof of residence (not older than 3 months), as well as a R25,000 refundable registration fee. Registration will be available online as well as on site on the day of the auction. Registration at the venue will be open from 10:30. DISCLAIMER: The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Auctioneers. Bidders must conduct their own investigations prior to bidding.