3 Bedroom House on Auction in University Estate

Description

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 Corner Development Site. Top of University Estate, unrivalled Table Mountain & city skyline views. Held within the same family since 1965, this iconic corner property represents a truly rare, highly coveted piece of Cape Town real estate. Positioned elevated at the very top of University Estate, you’ll enjoy sweeping panoramic views over the city skyline, harbour, and ocean, framed magnificently by Table Mountain directly behind you. Whether you are looking to modernise a magnificent family trophy home or leverage its massive footprint for high-yield redevelopment, opportunities of this calibre simply do not come around twice. PROPERTY HIGHLIGHTS AT A GLANCE: • Unmatched Scale: Expansive ±1,237 m² corner plot featuring an Italian-inspired, free-standing villa with soaring high ceilings and classic parquet flooring. • Spacious Accommodation: 3 Grand bedrooms (including a master suite with private full bathroom & bidet) plus dual-living design capability via a split entrance passage. • Entertainer’s Dream: Sizeable lounge with built-in fireplace, dedicated dining room opening onto a broad balcony with sensational views, plus an undercover patio, pool, and private braai courtyard. • Lush & Private Grounds: Secure wrap-around yard with established fruit, vegetable, and flower gardens (featuring avocados, pomegranates, lavender, and lilies). • Ample Secure Parking: Automated tandem garage (±30 m²) plus a separate secure driveway accommodating up to 4 additional vehicles. • Income Potential: Garage currently includes a workshop/home office setup. • Top-Tier Security & Utilities: Perimeter walls, electric fencing, alarm system, intercom, burglar bars, Jojo water tanks, pre-paid electricity, and DStv-ready connection. UNLIMITED INVESTOR & DEVELOPMENT POTENTIAL: Situated right on the doorstep of the Cape Town CBD, UCT, CPUT, and Groote Schuur Hospital, this property is strategically located for premium returns. KEY REDEVELOPMENT PATHWAYS: • Luxury Family Estate: Refine and modernise the existing Italian-inspired villa into a trophy residence with unmatched grounds. • High-Yield Student / Staff Accommodation: Convert the massive erf and layout into multi-unit housing catering to surrounding medical and academic hubs. • Boutique Short-Term Rental: Capitalize on tourist demand with spectacular views and seamless access to central Cape Town attractions. DETAILS: • Erf no: 14563, Cape Town • Erf size: 1237m² • Zoning: Single Residential 1 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.