#1 • #1 • Unit 15 - Sonop

Part of Gqeberha Residential Portfolio - 5 x Apartments (timed auction by Auction Station)

Starting at R175,000.00

Status: Available

Bidding closes Nov 11, 2026 12:00 PM SAST

Overview: This deceased estate unit in the Sonop complex is an income-producing sectional title unit, ready for an investor or first-time buyer. It is let at R4,000 per month and comes with a dedicated parking bay, in a convenient North End location close to the CBD and major routes. Property features: Section 15, Sonop (SS 51/1988), North End, Nelson Mandela Bay Unit size: 56 m² 2 bedrooms 1 bathroom Open-plan lounge and kitchen Parking bay Currently tenanted at R4,000 per month Title Deed: ST8840/2024 Location: Unit 15, Sonop, Corner Kirkwood & Cawood Streets, North End, Gqeberha, 6001 Monthly costs (approximate): Levies: ±R2,200 Rates and taxes: ±R470 Why bid? Immediate rental income with a tenant in place Low-maintenance sectional title living Central, well-connected location with strong rental demand Estate sale, so the property must be sold Call Tayne on 071 501 6905 or Jayme 071 660 7069 Please Note: All bids are exclusive of Buyer’s Commission and VAT thereon. The Seller is not a registered VAT vendor, and no VAT is added to the successful Bid Price. A 10% Buyer’s Commission, plus VAT thereon, calculated on the successful Bid Price, is payable to Thompson Prop. Example: If the successful bid is R100,000, the total payable will be: R100,000 Bid Price + R10,000 Buyer’s Commission + R1500 VAT = R111,500 Total Purchase Price. The Total Purchase Price excludes transfer duty, conveyancing fees and all other transfer-related costs, which are payable by the Purchaser. All bids are subject to Seller confirmation within 7 (seven) calendar days of the auction closing. Bids remain irrevocable and binding on the bidder during this period.