Residential Apartment Block

AUCT-001543 | On Auction

Residential Apartment Block

Sections 1 - 21 SS Caversham Hall, 115 Pretoria Avenue, Sandown, Sandton, Gauteng

Residential Apartment Block. Sections 1 - 21 SS Caversham Hall. 115 Pretoria Avenue, Sandown, Sandton, Gauteng

21 Sectional Title Apartments | Extents: ± 48 m² to ± 55 m² | 1 and 1.5 Bedrooms | 1 Undercover Parking Bay per unit | Excellent locality | Actual Annual Rental: R 1 122 000.00 | Projected Annual Rental Income (If fully let) R 1 668 000.00


The property offers a very well-located residential apartment block on a site measuring ±2 071m² in extent. The block was originally designed as a hotel and therefore occupies prime positioning within Sandton. The property is well accessed via two gates directly off Pretoria Avenue. Pretoria Avenue easily links to both Katherine Street and Rivonia Road.

The entire property comprises a three storey residential building hosting 21 sectional title units with a supporting entrance foyer, storage, communal laundry, and a balcony respectively on the floors.

The external structure is a plastered and painted brick structure with a flat concrete roof, steel window and door glazing with tiled flooring. The internal structure is plastered and painted brick and a combination of carpet and tiled flooring.

The sectional title units vary between 48 m² and 55 m². Each unit comprise an open plan living and dining room with a fireplace, a kitchen with built in cupboards and stone tops, a bedroom with built in cupboards and a full bathroom. The electricity and water of each unit is metered separately, 19 of the units has air-conditioning.

The property features 21 covered parking bays (registered as exclusive use areas) a communal garden and a swimming pool.

Residential Type:
Apartment Block
Web Reference:
AUCT-001543
List price:
POA
Address:
Sections 1 - 21 SS Caversham Hall, 115 Pretoria Avenue, Sandown, Sandton, Gauteng
Auction Venue:
Mount Edgecombe Country Club
Mount Edgecombe
Durban
KwaZulu Natal
Auction Date:
19 October 2021 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50,000.00 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

Bidding opens in


Auction Date: 19 October 2021 11:00:00am


Luke Hearn
                                                         In2assets Representative

Property Agent


Luke Hearn
Show number
[email protected]


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