1 Bedroom apartment for auction in Cape Town City Centre

R1,200,000

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Web Ref: 1229461

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ERF Size 347 m²

Rates R600 per month

Building Size 31m²

Sectional Title Levies R1,400

1 Bedroom

1 Lounge

1 Bathroom

Fully furnished studio apartment

Going on Auction: Wednesday 20 December 2023
Reserve Price: R1 200 000.00. (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)

STUDIO APARTMENT IDEAL INVESTMENT OPPORTUNITY.
Spacious studio and open plan living apartment. The apartment has a small balcony area. The complex offers great security with CCTV cameras and tag access control. ***Sold fully furnished*** Current rental income R9 250.00 per month. The trendy apartment is conveniently located in the Foreshore Precinct- within walking distance of the Convention Centre and Thibault My CITI bus stop as well as Cape Town train station. Conveniently situated within walking distance of V&A Waterfront and the business district of the Foreshore (Investec, ENS, Media24, SARS & FNB) as well as Long Street and Foreshore Virgin Active gym.

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.