House on Auction in Maitland

Description

Opening Bid Starts At R2,000,000 LIVE & ONLINE AUCTION Auction Time & Date: Tuesday 10 November 2026 @ 12:00 Registration: Online & On-site at the Auction Venue. Venue: The DHL Stadium, Business Lounge G, Fritz Sonnenberg Road, Green Point, Cape Town. Registration at the venue will be open from 10:30. Online Registrations will close on Monday 9th November 2026 at 17:00. THE TWO PROPERTY CONSISTS OF: 136 CORONATION ROAD * 6 rentable rooms * 2 communal bathrooms * Communal kitchen * Approximately ±R23,000 current net monthly income * 1 storage room * Tenants are responsible for their own water and electricity usage * General Residential 4 zoning 138 CORONATION ROAD * 6 rentable rooms * 3 bathrooms * Communal kitchen * Room-by-room rental model * Approximately ±R23,800 current net monthly income * Tenants contribute towards water and electricity * Victorian-style character property * General Residential 4 zoning The properties are currently operated on a room-by-room rental model, with tenants contributing towards water and electricity. It features a communal kitchen and bathrooms, making it well suited to affordable accommodation and shared-living demand. Key location of the property: • Built around the turn of the century • Walking distance to Shoprite on the main road • Close to Maitland Train Station and public transport • Near Maitland High School • Strong location for affordable accommodation and commuter demand DETAILS: • Erf no (Extent): 158919, Cape Town (223m²) • Erf no (Extent): 158920, Cape Town (204m²) • Zoning: General Residential 4 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. ONLINE 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 R50,000 Refundable Registration Fee for Online Registration Registration fee payable via EFT only, no card payments allowed. ON-SITE 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 for On-site Registration. Registration fee payable via EFT only, no card payments allowed. FICA REQUIREMENTS: All relevant documentation will be required for registering on behalf of a person/entity as follows: PERSON: • Copy of your ID • Proof of residence - not older than 3 months • Bank confirmation letter (Applicable once proof of payment is sent) COMPANY: • Company Registration documents • Resolution signed by all Shareholders authorising Bidder • Copy of all Shareholders/Directors ID • Proof of Company Address - not older than 3 months • Company Tax Clearance Certificate • Bank confirmation letter (Applicable once proof of payment is sent) TRUST: • Trust Registration documents • Resolutions signed by all Trustees authorising Bidder • Copy of all Trustee's ID's • Proof of Trust Address - not older than 3 months • Trust Tax Clearance Certificate • Bank confirmation letter (Applicable once proof of payment is sent) All relevant documentation will be required for registering on behalf of a Non-Profit Organisation as follows: • Valid certificate of registration as a non-profit organisation/welfare organisation (NPO Certificate) • Section 21 company registration documents • Resolution signed by all directors/office bearers authorising Bidder • Copy of director's/office bearers’ ID's • Proof of organisation's address - not older than 3 months • Organisation's Tax Clearance Certificate/Public Benefit Organisation Certificate (PBO Certificate) • Bank confirmation letter (Applicable once proof of payment is sent) 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.