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Investment Or Development Opportunity Near UCT
updated on Feb 23, 2026
POA

WEB REF: 763017

Property Summary
  • Selling Price POA
  • Property Type Commercial - Block of Flats


Description

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: These two prime properties are situated in sought after and ever so popular Rondebosch Village. Close to UCT, shopping centres and top schools in the area makes this the perfect property for re development with GR 4 zoning. • Two erven • Properties next to each other • Total – 769m² • Zoning – GR4 on both • Total bulk available is 1153.5m² • Sectionalization possible • Large apartments can be divided into 2 13 Forest Rd: • Two large apartments – 2/3 beds can be converted into 4 apartments • 2 Lock up garages – can be converted into 2 studios 15 Forest Rd: • 3 Large apartments – 1 bed • 1x Large apartments-2 beds • 1 Studio apartment Perfect for student accommodation at ±R6500-7000 per room sharing rate. Current under-market Annual rental income of ±R840,000 per annum 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

      Rondebosch Village, Cape Town, Western Cape

      Contact Agent(s)

      eMail Agent(s)