2 Bedroom apartment for auction in Wynberg, Cape Town

Two-bedroom apartment in Grand Central, Wynberg.

Going on Auction: Wednesday 29 January 2025
Reserve Price: R550 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)

SALE BY VOLUNTARY AUCTION – TWO BEDROOMED APARTMENT IN GRAND CENTRAL WYNBERG.

Two Bedrooms, top floor corner unit 6th with great views, Unit size: 65m2 featuring one bathroom, an open plan lounge and kitchen, big balcony and basement parking. The unit includes controlled access and twenty-four-hour security. Potential rental income ranges between R8500.00 – R9500.00 per month. Located in a prime area close to all amenities and transport.

Seller’s Disclosure: the property is sold as is its occupied illegally by occupants who refuse to vacate or allow access to the property. The property was under renovation and has raw flooring, kitchen cupboards were removed and needs replacement, installation of kitchen sink with 3 plumbing points required. The apartment needs to be painted. The onus is on the buyer to evict the illegal occupants.

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.