Commercial - Block of Flats on Auction in Woodstock

Description

LIVE & ONLINE AUCTION Auction Time & Date: Tuesday 10 November 2026 @ 12:00 Registration: Online & On-site at the Auction Venue. Venue: The DHL Stadium, Business Lounge G, Fritz Sonnenberg Road, Green Point, Cape Town. Registration at the venue will be open from 10:30. Online Registrations will close on Monday 9th November 2026 at 17:00. Positioned in a highly desirable pocket of Woodstock, this exceptional multi-residential property offers an outstanding return on investment with guaranteed income stability. Prime location advantages include seamless access to major transport routes, highways, leading schools, and vibrant shopping centres. With a total monthly rental income of ±R31,427 secured by reliable, long-term tenants, this turnkey investment comprises three individual units: • Tenant status: Long-term, secure leases in place • Unit 1: 3 Bed, 1 Bath - ±R16,000 per month (Leased to Mar 2027) • Unit 2: 1 Bed, 1 Bath - ±R7,000 per month (Leased to Oct 2027) • Unit 3: 2 Bed, 1 Bath - ±R8,427 per month (Leased to Oct 2027) A rare chance to acquire a high-yielding asset in one of Cape Town’s most dynamic and growing hubs. Contact us today to arrange a private viewing. DETAILS: • Erf no: 11885, Cape Town • Erf size: 273m² • 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. ONLINE 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 R50,000 Refundable Registration Fee for Online Registration Registration fee payable via EFT only, no card payments allowed. ON-SITE 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 R25,000 Refundable Registration Fee for On-site Registration. Registration fee payable via EFT only, no card payments allowed. FICA REQUIREMENTS: All relevant documentation will be required for registering on behalf of a person/entity as follows: PERSON: • Copy of your ID • Proof of residence - not older than 3 months • Bank confirmation letter (Applicable once proof of payment is sent) COMPANY: • Company Registration documents • Resolution signed by all Shareholders authorising Bidder • Copy of all Shareholders/Directors ID • Proof of Company Address - not older than 3 months • Company Tax Clearance Certificate • Bank confirmation letter (Applicable once proof of payment is sent) TRUST: • Trust Registration documents • Resolutions signed by all Trustees authorising Bidder • Copy of all Trustee's ID's • Proof of Trust Address - not older than 3 months • Trust Tax Clearance Certificate • Bank confirmation letter (Applicable once proof of payment is sent) All relevant documentation will be required for registering on behalf of a Non-Profit Organisation as follows: • Valid certificate of registration as a non-profit organisation/welfare organisation (NPO Certificate) • Section 21 company registration documents • Resolution signed by all directors/office bearers authorising Bidder • Copy of director's/office bearers’ ID's • Proof of organisation's address - not older than 3 months • Organisation's Tax Clearance Certificate/Public Benefit Organisation Certificate (PBO Certificate) • Bank confirmation letter (Applicable once proof of payment is sent) 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.