PRIVATE TREATY - INCOMPLETE RESIDENTIAL INVESTMENT OPPORTUNITY OVER 20 PARTIALLY COMPLETE APARTMENTS


INCOMPLETE RESIDENTIAL INVESTMENT OPPORTUNITY OVER 20 PARTIALLY COMPLETE APARTMENTS

Venue: 1 DE Gaulle Street, Duncanville, Vereeniging

Viewing: BY Appointment only

Contact Person: Vongani Baloyi 076 790 6100

 

Confirmation Period

:

14 days confirmation period by the seller

Deposit on Purchase Price

:

10% payable by electronic transfer (EFT)

Guarantees on Balance

:

30 days from date of acceptance

Buyer’s Commission

:

5% plus VAT

Outstanding Rates and Taxes & Levies

:

SELLER is liable for all outstanding rates and taxes & levies

 

Property description:

 

The property was purchased by the original owner with the intention of constructing four blocks of 2 storey residential units. To date, 2 of those blocks have been partially completed. The building plans are premised on construction using a cast-in-situ concrete framework on concrete foundation work. Once complete, the residential property should house approximately 44 units (64.30 m2 each) with a separate refuse area and guard house.

 

The building plans cater for all the apartments to have an open plan kitchen, lounge area, 2 bedrooms and 1 bathroom. The property is to be secured by a combination of steel palisade fencing and face brick wall.

 

The property is in the general area of Duncanville, Vereeniging which sits on the south western triangular of four large town concentrations, namely; Vanderbijlpark, Vereeniging, Three Rivers and Sasolburg. The property is suited within 3 kilometres of the Duncanville tertiary precinct with includes; Lifeline Triangle, Damelin and Boston business College. 

 

https://youtu.be/7mFap0-aGrM

 

Property ID: 55378
Auction Date:
View Date:
Venue: 1 DE GAULLE STREET, DUNCANVILLE, VEREENIGING, 19 1939, ZA

TO PARTICIPATE IN THIS ONLINE AUCTION, PLEASE DOWNLOAD THE BIDDER PARTICIPATION FORM (DOCUMENTS TAB). Please email back to - auction@tirhani.co.za
By signing the Bidder Participation Form, you the bidder/buyer consent and agree to be bound by the Auctioneers General and Specific Rules of Auction in addition to any other conditions specified by the Auctioneer or the Seller. These Rules of Auction are not negotiable, so if you do not agree with them do not register to bid on this auction.

 

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