DATE OF AUCTION: Thursday, 23 October 2025
TIME OF AUCTION: 11h00
VIEWING: 10h00 to 11h00 on Day of Auction
ADDRESS: 1054 Market Street, Claremont, Pretoria
An auction in association with Prestige Properties.
The sellers are immigrating. This is an exceptional chance to secure a high-income investment property. With two separate dwellings, each with its own entrance, and strong rental demand in the area. This property is built for investors looking for immediate returns and long-term growth. Approved building plans are already in place, adding further potential.
The property consists of a main house and large flat:
Main House:
- 3 Bedrooms
- Lounge, kitchen and bathroom
- Neat garden with boma and entertainment area
- Borehole with off-grid water supply
- 4 Carports
- Approved building plans.
Flat:
- Own Entrance and Parking
- 5 Bedrooms
- Lounge, kitchen and bathroom
- Small private garden
- 1 Covered parking and 3 open parking bays
- Own prepaid electricity meter.
Why This Investment?
- Two independent income-generating units.
- Combined potential rental income of nearly R20 000 per month
- Borehole with off-grid water supply
- Approved plans in place for further value-add
- Strong rental demand in Claremont
- Auction at a very low reserve price.
This is a serious income-generating property that you don’t want to miss. Properties with this level of rental return and future potential rarely come to market, and make sure you are there on auction day.
SUMMARY OF AUCTION CONDITIONS:
- Refundable Registration Deposit of R 10 000 (No cash accepted, only EFT).
- Identity document and proof of address required to register as bidder.
- 10% (TEN PERCENT) Buyer’s Commission plus VAT calculated on the highest bid.
- 13% (THIRTEEN PERCENT) deposit calculated on the highest bid and payable at the “fall of the hammer”.
