ONLINE AUCTION
Bidding Start Time: Wednesday 25 March 2026 @ 09:00
Bidding End Time: Thursday 26 March 2026 @ 14:30
Registration is essential by Monday 23 March 2026.
Pre-Auction Offers may be considered. Auction Finance Available.
For more information, please contact the listing agent.
DESCRIPTION:
Perfectly located just off the main road within the established student accommodation precinct, this property is ideally positioned close to UCT and within walking distance of CPUT Mowbray Campus. It is situated directly opposite a UCT student residence, making it highly attractive for student rentals.
Property Features:
• 8 Spacious 2-bedroom apartments (easily convertible to 3-bedroom units)
• Large balconies in each apartment
• Individual electricity and water meters per unit
• Well-configured layouts with strong rental potential
• The property requires TLC, presenting an excellent value-add opportunity.
Upside & Income Potential:
• Total of 16 bedrooms
• Market-related rental for renovated rooms in Mowbray: ±R7,500 per room
• Projected gross rental income: ±R120 000 per month
Ideal For:
• Student accommodation investors
• Buy-to-renovate and hold strategies
• Investors seeking strong cash-flow assets in a high-demand node
DETAILS:
• Erf no: 28647, Cape Town
• Erf size: 649m²
• Zoning: General Residential 4
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
Mowbray, Cape Town, Western Cape
