Commercial - Block of Flats on Auction in Rondebosch

Description

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: Large desirable corner property is 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 or just a great investment for students accommodation. Currently fully let and generating a healthy income of ±R558,000 per annum secured on short term lease. All rooms individually let out. Income can be easily boosted by at least 30%, if each room is shared by 2 students. This property offers: • 7 Spacious bedrooms with option to increase tenancy • With 2 living areas • 1 Kitchen • 3 Bathrooms • Ample on site secured parking • Heritage graded 3c Currently with 670m² of bulk site for residential ±12 x 50m² apartments or ±24 x 25m² apartments, development with access to three roads makes it easy for planning. You can earn while you are planning your development. • The property offers many options to the investor and developer. • Close to Main Road in the student hub • Mountain views from higher floors • Overlooking canal and pedestrian lane • Located in quiet Cul-De-Sac • Road access on both sides (cul-de sacs) DETAILS: • Erf no: 45735, Cape Town • Erf size: 447m² • 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.