Reduced
New Listing

1 Bedroom apartment for auction in Cape Town City Centre

R1,500,000
  1. 1
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  3. Web Ref: 1125702
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Property Features

ERF Size 0 m²
Rates R938
Building Size 64m²
Sectional Title Levies R1,703

Interior Features

1 Bedroom
1 Dining Room
Security
Entrance hall
1 Bathroom
1 Lounge
Kitchen

Exterior Features

Views

New Reduced Reserve Price!!!

Going on Auction: Wednesday 27 October 2021
Reserve Price: R1 600 000.00. (All offers will be reviewed)
Opening Bid: R1 500 000.00 (All offers will be reviewed)
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)

ONE BEDROOM APARTMENT IN AN HISTORIC BUILDING
Tastefully renovated one bedroom apartment in an historic building. One bathroom. Fully fitted open plan kitchen. Spacious lounge & dining area. The apartment has wonderful open flow with spectacular views of the company gardens & Table Mountain. The block has access control via a code system and has a caretaker onsite. The block is well maintained. Potential rental income between R9500.00 – R10 000.00 per month. Currently rented as an Airbnb, daily rates R600.00 per day.

Rawson Auctions (Southern Region) are obligated by law to market the property at the Reserve Price as listed herein. A “Reserve Price” is a minimum Rand amount the Seller will accept as the winning bid, and is not necessarily the property’s market value, nor the amount the property is likely to be sold for on the day of the auction. The Seller reserves the right to consider all offers.

Location

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