This sale is Subject to Confirmation by the parties involved
8 Patricia Place, King Williams Town, Eastern Cape, South Africa
Rates & taxes incl water: Approx R3 000pm
ERF Size: 1532 m²
Investment opportunity in the heart of King Williams Town
8 individual units: 3 x two bedroom units and 5 x 1 bedroom units
Each unit includes a kitchen, bathroom, living area, and either 1 or 2 bedrooms
Swimming pool
Secure, well-located, well maintained and in demand
Combined rental income of approx R40 000 per month
7 of the 8 units are currently occupied. The seller resides in 1 of the units.
Tenants are on a month to month lease
A 10% deposit and 5% auctioneers fee (plus VAT on fee) is due and payable by the highest bidder once bidding has closed.