About this property

Sandton living as modern living intended it for sale. This insolvent/distressed/repossessed 1 bedroom apartment in much dreamt-about Arches of Rivonia is perfect for the savy investor who does not want to waste time on repairs, have to go looking for a tenant or even wonder if it is a worthwhile investment. This 73 sqm is thee buy for an investor or homebuyer looking for security, tranquility, beauty, access to Sandton, major highways, entertainment and leisure within mere minutes. It sits just 500 meters away from Rivonia Village and Rivonia road, a stone throw from the concrete highway and less than 10 minutes from Sandton CBD. Tucked away from the hustle and bustle of the main road, this apartment at The Arches of Rivonia offers a well-sized bedroom with ample closet space, a study nook/work station directly opposite the bedroom for the perfect work-from-home or brought-work-home environment, a generous kitchen for the chef inside you, an open plan dining and lounge area and for when you need to unwind, a large balcony and a full bath featuring his and hers basins, tub and separate shower for when you both need to get ready and lock-up and go!! VALUATION: Based on 3 different valuations including pre-sequestration the market value is established at around R1 300 000 and we work at 80% of that value. R1 300 000 x 80% = R1 040 000 [rounded R1 050 000]. As a sequestrated property, we are not always privy to full information and as such, please note the following: LEVIES/RATES & TAXES: Please note that REPRESENTATIVES are NOT obliged to obtain ANY outstanding rates & taxes/levies OR current rates/levy amounts as charged by BC’s, for potential buyers – this is an Insolvent Estate with “zilch” money and sold “voetstoots & as is” and we cannot be held responsible for hidden outstanding amounts or to furnish the correct amounts. Purchaser should do this when visiting any Sectional Title Units or contact the Body Corporate [BC]. The provided amounts are based on what is openly available on current for sale properties in the same complex and may be inaccurate. Please note that all viewings must be arranged 1 week in advance. No exceptions. NB: 10% deposit compulsory should your offer be accepted and is payable within 48 hours. You may pay your deposit to your attorney to hold in trust for you. yOUR ATTORNEY MUST THE PROVIDE US WITH A WRITTEN GUARANTEE OF FUNDS SHOULD YOU NOT WANT TO TRANSFER YOUR DEPOSIT DIRECTLY TO THE AUCTION HOUSE!