Site Extent: ± 10 519 m² | 32 Units – sizes of units vary between ± 148 m² to ± 156 m² | Situated in close proximity of the N2 highway
Gcuwa, Eastern Cape
Two Apartment Buildings with 32 Large Family Units
The property consists of 2 large face brick blocks situated parallel to each other, with its own street access and divided by an internal paved road.
LEASE DETAILS We have established that the property could be occupied by tenants not authorized by the Seller.
As per the Sellers advice, there may be lease agreements in place for specific sections which expire in 2025, 2026 & 2027. In terms of the lease agreements between the Seller and the tenants, there is a cancellation clause whereby the Lessor / Seller can cancel and terminate the lease agreement by providing the tenant with 1 month’s notice period.
Neither the Seller nor In2assets guarantees vacant occupation. It is solely the responsibility of the Purchaser to conduct his own due diligence on the property. Any responsibility to remove or evict the tenants will be solely for the Purchaser’s account.
Hollyburn Flats, Protea Street, Gcuwa, Amathole District Municipality, Eastern Cape
Auction Venue:
3 BIDDING METHODS AVAILABLE: Live from the Mount Edgecombe Country Club in Durban OR Online Bidding via Zoom OR Bid directly from our East London Offices: 10 Princes Road
Vincent
Auction Date:
22 May 2025 01:00 pm
Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 25,000.00 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required
