Renovated apartment perfect for investment

A newly renovated Rondebosch apartment in Westbrook Court, capable of generating R9,000 a month in rental income, will be auctioned by Rawson Auctions Western Cape.

The modern 34m² unit sports one bedroom with built-in cupboards and wooden flooring, a bathroom and an open-plan fully fitted modern kitchen also with wooden flooring and builtin cupboards. It has a lovely, private garden, which is perfect for braais, and a small potted vegetable garden.

It is situated in a desirable location close to public transport, the University of Cape Town and shops, making it perfect for student accommodation.

“The property is modern and of course it is in great condition after the renovations. There should be no problem in getting a tenant, if the buyer decides to let out the property,” said Tanya Jovanovski, franchisee of Rawson Auctions Western Cape. “You could definitely consider this a sure-fire investment.”

The property will go on auction on September 26 at 12am at 222 Main Road, Rondebosch, Cape Town (the Rawson head office).

The reserve price is R1.45m, but all offers will be reviewed.

In line with the terms of Rawson Auctions, there is no registration fee to bid. However, a 5% deposit of the purchase price as well as 10% commission plus VAT over and above the purchase price needs to be paid to Rawson Auctions by the buyer on acceptance of seller.

Bidders are required to be registered and must have with them certified copies of their identity documents and proof of residence.

Interested parties are requested to submit all offers on the Rawson Auctions standard terms and conditions offer to purchase, a copy of which can be obtained by contacting info@rawsonauctions.com.

Bids can be delivered to Rawson Property Group’s head office in Rondebosch.