ONLINE AUCTION
Bidding Start Time: Wednesday 25 June 2025 @ 09:00
Bidding End Time: Thursday 26 June 2025 @ 14:30
Registration is essential by Monday 23 June 2025.
Pre-Auction Offers may be considered. Auction Finance Available.
For more information, please contact the listing agent.
DESCRIPTION:
This prime property is a unique opportunity to reap the benefits, 85% complete.
• Zoning GB1
• 5 x Two Bedrooms, one full bathroom, duplex apartments each ±72m²
• Apartments lead onto a terrace / garden area.
• 1 x Two bedroom Apartment ±95m²
• Apartment leads onto a spacious open balcony and built in braai area
Projected Possible Rental income:
• 5 x 2 Bedrooms ±72m²
• ±R 11 500pm– ±R 14 500pm
• 1 x 2 Bedrooms ±92m²
• ±R 15 000pm - ±16 500pm
Projected Possible Rental income:
±R 870 000pa – ±R 1 050 000pa
• Ground and first floor apartments
• Open plan kitchen
• Vat entity
• Parking space for 3 cars, plus potential to add more parking outside the 5 units.
• All structural work is completed, leaving minor finishing and installations.
• Add your personal touch to the interior and design
• Offers immediate potential for income upon completion.
• Expand your property portfolio and earn a high rental income or offer a great potential for resale.
• Approved water meters.
• 3 x Solar panels
• 3 x Geysers
• Electrical pulled through but not connected.
DETAILS:
• Erf size: 495m²
• Zoning: General Business 1
PAYMENT TERMS:
2.5% Deposit & 10% Auctioneers fee (excl. VAT on fee); Payable on the fall of the hammer by means of EFT only. Balance payable on transfer.
REGISTRATION REQUIREMENTS:
To bid at the auction you need to provide a copy of your identity document and current proof of residence (not older than 3 months) as well as a R20,000 refundable registration fee.
DISCLAIMER:
The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Auctioneers. Bidders must conduct their own investigations prior to bidding.
Property Address
3 Albert Road Lansdowne Cape Town