Deceased Estate Shafiq Naser (Master Ref no.021259/2023)
ONLINE AUCTION
Bidding Start Time: Wednesday 29 April 2026 @ 09:00
Bidding End Time: Thursday 30 April 2026 @ 14:30
Registration is essential by Monday 27 April 2026.
Pre-Auction Offers may be considered. Auction Finance Available.
For more information, please contact the listing agent.
Description:
Calling Investors fantastic investment.
An opportunity to own a fully tenanted entire block of 25 tenanted flats comprising of:
• 22 x 2 Bedroom apartments - High demand area and high rental
• 2 x 1 Bedroom
• 1 Studio unit
• 19 Parking bays
• Few minutes from CBD and close to all amenities.
• Possible student accommodation
Rental income of ±R192,672pm or ‘±R2.312 million per annum - Generate fantastic returns.
Make an offer today.
Details:
• Erf no: 23684, Cape Town
• Erf size: 914m²
• 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
Maitland, Cape Town, Western Cape
