Home with income potential

RAWSON Auctions Western Cape will be auctioning a newly renovated home, with income-generating flatlets, on Wednesday at noon.

The three-bedroom home, with two tenanted flatlets, is in Eikendal, Kraaifontein. It generates an income of R16 000 a month, making it a good investment opportunity for prospective buyers.

The home itself, which is being renovated, is on a 575m² plot and comprises three bedrooms, a bathroom, a guest toilet, a spacious lounge area, and an open-plan kitchen with built-in cupboards.

Outside is secure parking and a large yard that is in need of a bit of TLC although it has plenty of potential.

The property is at 232 Voortrekker Road, in the heart of Kraaifontein. Amenities and public transport options are close by, most within walking distance. The property also has easy access to main arterials, such as the N1 and R300.

“For investors or buyers looking to self-occupy, you can’t really go wrong with this property,” says Tanya Jovanovski, the franchisee of Rawson Auctions Western Cape.

“The income from the flats alone will most likely cover any loan or bond repayments with the property’s low reserve price of just over R1 000 000, and it is being renovated so it will be in top condition on transfer. The property also occupies a fantastic location, close to everything one might need for daily life.”

Bid online at onlinepropertyaucTIONS CO ZA BY PRE AUCTION OFFER OR on the phone. Contact the auctions TEAM AT AUCTIONS INFO RAWSON CO ZA OR 079 980 3457.

For more information about the property, contact either Ebrahim Patel at 067 035 8067 or Zeenat Carrim at 081 361 0044.

Alternatively, contact Tanya Jovanovski, the principal and auctioneer, at tanya.auctions@rawson.

079 980 3457.