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Amiel Park, Amiel Park, Newcastle, KwaZulu-Natal
R 1 950 000
Suggested Opening Bid: R1 950 000 Exclusive Auction Mandate! A rare opportunity to acquire a modern, fully let 5-unit double-storey townhouse complex in a highly sought-after rental area. This turnkey investment offers immediate rental income, secure living, and long-term growth potential. Set on a generous 3,695 m² erf, each unit spans approximately ±200 m² and features quality finishes, open-plan living, and low-maintenance design—ensuring consistent tenant demand. The complex currently generates R50,000 per month (R600,000 per annum) in gross rental income, making it an ideal acquisition for investors or individual buyers seeking a complete income-producing property. Unit Features (Each Unit): - 3 Bedrooms (main en-suite) - 1 Full communal bathroom - Fully fitted kitchen with granite countertops - Built-in stove and oven - Porcelain tiles throughout - Open-plan lounge and dining area ±200 m² spacious layout Complex Features: - Inverter system - Electric fencing and entrance gate - Prepaid electricity and water - 10 Covered carports - Security room at entrance - Separate servant’s quarters - Outdoor braai area with garden views - Decorative fountain Location Highlights: - Walking distance to shops, pharmacy, and fast-food outlets - Close to primary and secondary schools - Easy access to main roads and public transport Investment Summary: - 5 fully let units generating R600,000 per annum - Secure, low-maintenance complex - Strong rental demand area **Option to purchase individual units or the entire complex** All offers are encouraged. Submit an offer to stop the auction - loan or cash. Easy process to register to bid at auction. Auction via Online Bidding on our Website. Viewings can be arranged. The Seller has chosen to make use of our nationally proven Non-Distressed Auction Platform For Serious Sellers. - Full Finance Options Available - Offers Accepted prior to Auction Day - All property reports available on request - The seller has a Non-Disclosed Reserve Price - Seller to arrange compliance certificates and rates clearance certificate for buyer Auctioneers fee is payable over and above the purchase price. Subject to confirmation.
Estimated monthly repayment
R 18 414
on a R 1 755 000 bond over 20 years at 11.25%
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Amiel Park, Amiel Park, Newcastle, KwaZulu-Natal
Liivra AI market value
AI estimate only; not a valuation. Consult a registered valuer or estate agent before making an offer.
Listed by
Kgomotso Ngcobo
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