8 Bedroom Commercial - Student Accommodation on Auction in Arbeidslus

Description

Opening Bid: R 2,500,000 LIVE & ONLINE AUCTION Auction Time & Date: Thursday 17 September 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 Wednesday 16th September 2026 at 17:00. DESCRIPTION: Prime-located Stellenbosch property, currently fully tenanted with long-term tenants. Ideal to convert this into a very sought-after student accommodation, less than a 3 km drive from the main Stellies University campus. 2 Separate houses with 2 separate entrances to this property. Includes furniture and appliances (except for personal belongings) The Front House: • 5 Bedrooms • 2 Bathrooms • 2 Separate toilets • Combined kitchen and dining room area • Student-ready; the kitchen has 2 fridge-freezers, a separate chest freezer, and a dishwasher The Back House: • 3 Bedrooms (potentially 4) • 2 Bathrooms • 1 Separate toilet • 2 Very large master bedrooms with built-in cupboards • The main bedroom has an en-suite bathroom The granite kitchen is spacious with a pantry/storage area. Built-in oven/hob/stove, plenty of counter space, and a dishwasher, separate laundry area. The lounge/dining area has a built-in bar made out of glass bricks, plenty of counter space, and a breakfast nook. Large built-in braai in the dining area. Indoor Swimming Pool. Separate garage Lounge 2 can be easily converted into a bedroom with a balcony & great views of the Hottentots-Holland Mountain. • There are 5 CCTV cameras around the property with a recording system. • The roof has been painted with a special heat-resistant paint. DETAILS: • Erf no: 10555, Stellenbosch • Erf size: 384m² 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 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 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 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) 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.